image description

Franchot: Shop MD Tax-Free Week “critical” for local businesses this year

July 27th, 2020 by WCBC Radio

In a year that has been anything but normal, Comptroller Peter Franchot reminds Marylanders that one thing remains the same: Shop Maryland Tax-Free Week begins Sunday, August 9th with savings for customers, scholarship opportunities for college and trade school students and a catalyst to spur sales for retailers. Franchot says that this year more than ever, it’s critical to shop local to support the small retailers who are going above and beyond to continue paying employees, creating a safe environment for customers and finding new ways to sell their products during a global pandemic. From August 9-15, any single qualifying article of clothing or footwear priced $100 or less – regardless of how many items are purchased at the same time – will be exempt from the state’s six percent sales tax. The first $40 of any backpack purchase is also tax free. While the state takes a revenue hit as a result, Franchot says those losses are easily recovered by the major boost in shopping, including those traveling from other state’s to take advantage of the tax free week…

One Response to “Franchot: Shop MD Tax-Free Week “critical” for local businesses this year”

  1. July 27, 2020 at 6:48 pm, hollywood said:

    Better hurry up, Larry’s about to close the state down again. ( someone came down with the virus in ( Tierra Del Fuego )

    Reply

Leave a Reply



View Mobile Site