If you enjoy the forum please consider supporting it by signing up for a NES Membership The benefits pay for the membership many times over.
Be sure to enter the NES/MFS May Giveaway ***Canik METE SFX***
so i've heard next weekend is a no sales tax weekend in massachusetts. does anyone know if this applies to fire arms?
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.
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.
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.
We should put together a gun and ammo purchase event! Then send the amount saved in to the governor.
This.Go green, there's a Benelli group buy in progress!
This.
I'm sending Deval a thank-you note.
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.
...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....
...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....