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Tuesday, August 09, 2016

Maryland's Tax-Free Week Key Time For Buyers, Businesses

HAGERSTOWN (AP) -- Consumers can save money by shopping during Maryland's Tax-Free Week, and the time has turned into a critical period for retailers, too.

"Back-to-school shopping season is easily our second-busiest time of year after holiday shopping," Angie Riford, director of marketing and business development for Hagerstown Premium Outlets, wrote in an email. "We look forward to Tax-Free Week every year because of the extra savings we can offer our shoppers."

Tax-free week, approved by the Maryland General Assembly in 2007, is conducted annually on the second week in August. This year, it falls a little later in the calendar than usual, on Aug. 14 to 20. During the week, any single, qualifying article of clothing or footwear priced at $100 or less, no matter how many items are purchased at the same time, will be exempt from the state's 6 percent sales tax, according to the state comptroller's office.

"A break on the cost of clothing and shoes can make a real difference and help stretch family budgets," Comptroller Peter Franchot said in a news release. "Local retailers also benefit with increased foot traffic."

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3 comments:

Anonymous said...

Don't have to drive to Delaware!
Yoo Hoo!

Anonymous said...

Delaware is tax free and PA is tax free for clothing. Yawn!!!!
Maryland stores will probably up the prices to compensate for the "tax free" shopping to hide the hidden sales tax.

Anonymous said...

3:22 PM, You are correct! DE Rocks