Successful weekend for shoppers in Massachusetts after tax-free weekend

Massachusetts

Massachusetts shoppers had a successful weekend after Governor Charlie Baker authorized this year’s sales tax holiday just a day before the weekend kicked off.

A sales tax holiday weekend typically costs the state a little over $20 million. Which is why this summer seemed like a good time to hold a sales tax-free weekend because the state collected more in tax revenue than it was expecting.

The Department of Revenue reported the state saved about $1.2 billion. Back in 2015, after the last sales tax-free weekend took place, the DOR estimated that the state lost just over $25.5 million.

As for sales tax data collected on August 11 and 12, the DOR told 22News, they are not required to issue a report on the impact of the sales tax holiday until the end of December. And that is because businesses are not required to report the data on a daily basis.

In 2015, The Department of Revenue roughly estimated that businesses increased their revenues by about $2.5 million.

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