Sales Tax Holidays: Boost to Economic Activity or Political Gimmick?

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This week is Maryland’s back-to-school sales tax holiday, which allows consumers to purchase qualifying clothing and footwear tax-free, so long as the purchase price for the items are $100 or less. It’s not necessarily marketed by the Comptroller as being a “back-to-school event,” but many shoppers will take advantage of the tax-free week to purchase items such as new sneakers and jeans for their kids’ upcoming school year. Sales tax holidays have been around for over 30 years, but many question whether these temporary tax respites are sound tax policy.

Proponents of sales tax holidays claim that the programs …read more

Read more here:: Tax

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