Tax holiday likely to be approved for Aug. 10-11

BERLIN - SEPTEMBER 03:  Visitors look at Bravia flat screen televisions at the Sony stand at the IFA Technology Fair the day before the fair's official opening to the public on September 3, 2009 in Berlin, Germany. The IFA trade fair will be open to the public from September 4-9. (Photo by Sean Gallup/Getty Images)
If you’re in the market for a new TV, August could be the time to by one. Credit: Getty Images

Massachusetts shoppers can save some money next month if state lawmakers next week pass a bill declaring the weekend of Aug. 10-11 a tax holiday.

The bill suspends the state’s 6.25 percent sales tax for that weekend on items that cost up to $2,500, with the exception of purchases such as cars, boats and meals.

In a statement released Wednesday, Speaker Robert DeLeo said the House will take up the bill next week.

“While the Massachusetts economy is continuing to improve, folks across the Commonwealth are still facing tough fiscal times,” he said. “The sales tax holiday will provide relief to consumers and encourage residents to shop locally.”

Consumers reportedly saved more than $23 million during last summer’s tax-free weekend.

Critics of the tax holiday say it merely shifts consumer spending patterns while denying the state of revenues needed to run programs and deliver services, the State House News Service reported.



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