NO SALES TAX HOLIDAY THIS SUMMER

JUL. 19, 2016 • BY JON HURST

Statement of Jon Hurst, President, RAM, on the loss of the Sales Tax Holiday:

It is very disappointing to hear that our elected leaders are walking away from the Sales Tax Holiday, an important consumer event that incentivizes hundreds of millions of dollars in spending here locally in the Commonwealth. The MA Sales Tax Holiday has for years allowed local sellers to recapture sales to tax sensitive consumers that would otherwise be lost to New Hampshire or tax free online sites.

With New Hampshire on our border, and a very tech-savvy consumer base – who increasingly is using their Smartphone to buy tax-free in just a few screen swipes – the consumer incentive to take advantage of the Sales Tax Holiday has been vital to keeping billions of dollars in the local economy.

Thousands of retail employees who have come to rely on the added income derived from working extra hours during the holiday weekend will also now lose out. Unfortunately, the impact on the industry and its employees of losing what for some had become the biggest sales weekend of the year, will be significant and will reverberate into the fall.

There is no better investment we can make than to promote and preserve our Main Streets. The decision to halt the Sales Tax Holiday is a political decision that ultimately hurts our small businesses and helps out-of-state competition.

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