tax holiday

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tax holiday

n
(Banking & Finance) a period during which tax concessions are made for some reason; examples include an export incentive or an incentive to start a new business given by some governments, in which a company is excused all or part of its tax liability
References in periodicals archive ?
New York was the first state to have a sales tax holiday when the Legislature instituted a tax-free week on all clothing and footwear priced under $500 in 1997.
Management estimates the positive impact of this sales tax holiday shift to be approximately 4 percent on a comparable-store basis.
Today, Governor Rick Scott highlighted the upcoming three-day Back-to-School Sales Tax Holiday starting tomorrow, August 4, and continuing through Sunday, August 6.
The rhetoric from Democrats about the benefits of the sales tax holiday is simply astounding because they profess to help those they have hurt most with their $500 million raid on taxpayer wallets.
Hilderbran hinted that some ideas include repealing the back-to-school sales tax holiday (worth about $111 million), selling unclaimed property, spending cigarette tax money, or raising taxes on the tobacco companies that are not currently included in the state's settlement fund.
This year, over 400 of the stores will have their sales tax holiday in the third quarter, as compared to less than 100 in the third quarter last year.
Governor Scott also highlighted this years Back-To-School Sales Tax Holiday starting Friday, August 4 and continuing through Sunday, August 6.
The popular sales tax holiday returns this weekend, and Massachusetts joins 15 other states with tax holidays during the peak back-to-school shopping period.
111 million from tying the back-to-school sales tax holiday to economic conditions and canceling it in hard times.
Every time a sales tax holiday is proposed, lawmakers hail the effort as helping the middle class, working parents and the rest of middle America.
Governor Terry McAuliffe announced today that Virginia will offer a sales tax holiday from August 5th-7th so that shoppers can purchase qualifying school supplies, clothing and footwear, emergency preparedness items, and certain energy-efficient products without paying state and local sales tax.
The Department of Revenue reported that last year's sales tax holiday, on Aug.