MA Tax Free Weekend

[Red Leg]

so i've heard next weekend is a no sales tax weekend in massachusetts. does anyone know if this applies to fire arms?

 

[Bob P]

so i've heard next weekend is a no sales tax weekend in massachusetts. does anyone know if this applies to fire arms?

Yep!

 

[TheRoland]

I assumed that it did .

 

[HooVooLoo]

So long as the firearm you are purchasing does not exceed $2,500 in pre-tax cost. However, you could purchase 10 of them on separate receipts and thus spend $25,000 and pay no sales tax.

Or, if you prefer, 100 of them. $250,000. Why not go for the cool $2,500,000 and get 1000? That's a $150,000 savings in taxes!

(If you do, can I have one?)

lol

 

[cb1]

So long as the firearm you are purchasing does not exceed $2,500 in pre-tax cost. However, you could purchase 10 of them on separate receipts and thus spend $25,000 and pay no sales tax.

You don't need separate transactions:

C. Multiple Items on One Invoice. Where a customer is purchasing multiple items on the sales tax holiday, separate invoices do not need to be prepared. As long as each individual item is $2500 or less, there is no upper limit on the tax-free amount each customer may purchase.

Example: A customer purchases a television, a stereo receiver, and a computer. The three separate items costing $1,500, $1,200 and $2,000 can be rung up together, all tax free.

http://www.mass.gov/?pageID=dorterm...content&f=dor_rul_reg_tir_tir_10_10&csid=Ador

 

[HooVooLoo]

cb1, sold. Let's make it 10,000 then. $25,000,000 with a 1.5 mil savings.

I just want to see how long that receipt would be.

 

[EcHo]

cb1, sold. Let's make it 10,000 then. $25,000,000 with a 1.5 mil savings.

I just want to see how long that receipt would be.

Don't forget the Uhaul truck you'll need to rent to transport all those.

 

[blindfire]

Hey...better do it while you can. The legislature may be coming back into session to vote on some Medicare funding from the Feds. They also may re-visit the casino bill....and who knows...maybe H.4102!!!! AHHHH...PANIC!!!!!!

 

[Coyote33]

We should put together a gun and ammo purchase event! Then send the amount saved in to the governor.

 

[lupis42]

We should put together a gun and ammo purchase event! Then send the amount saved in to the governor.

Go green, there's a Benelli group buy in progress!

 

[MetalgodZ]

Go green, there's a Benelli group buy in progress!

This.

I'm sending Deval a thank-you note.

 

[lupis42]

This.

I'm sending Deval a thank-you note.

The next group buy will be on poster sized reaction prints of Deval when he finds out how many guns were bought that weekend.

 

[Zappa]

C. Multiple Items on One Invoice. Where a customer is purchasing multiple items on the sales tax holiday, separate invoices do not need to be prepared. As long as each individual item is $2500 or less, there is no upper limit on the tax-free amount each customer may purchase.

Example: A customer purchases a television, a stereo receiver, and a computer. The three separate items costing $1,500, $1,200 and $2,000 can be rung up together, all tax free.

John Kerry should have waited to buy his boat until next weekend, in kit form, with 27,000 individual pieces, all individually itemized on the bill.
That way he could have legally beat the sales tax.

 

[blindfire]

Geeze, I just hope my LTC shows up before next weekend! GRRRR

 

[houdini]

yes the last time it happen I bought my 1911 that week end

 

[Coyote33]

Massachusetts tax holiday cost $20 million to $25 million in potential revenue, state estimates

...The state’s Department of Revenue estimates that it lost $20 million to $25 million in potential revenue by authorizing the state’s first tax-free weekend in two years. This was the first tax-free weekend since 2008, back when the sales tax was 5 percent, not 6.25 percent, and back before the sales tax applied to beer, wine and liquor sold in package stores....

Sales tax breaks erode state revenues

...As shoppers in 15 states rush to buy tax-free clothing and school supplies this August, some lawmakers are experiencing buyer's remorse: Their "sales-tax holidays" are pinching revenues at a time when state coffers are hurting....