Massachusetts lawmakers are currently reviewing a proposal that could help drive more customers into the state and allow consumers to keep more of their money.
The measure is an initiative petition that would drop the state sales tax from 6.25 percent to 5 percent as well as establish a permanent sales tax-free weekend in August. While the petition is nearing the final stages of the process to put the question on the ballot, it’s also being considered by lawmakers, who could pass it before it gets to that point. The Legislature has until May to act on the petition by passing it, proposing an amendment to it, or taking no action.
NFIB/MA, along with the Retailers Association of Massachusetts, testified in support of the initiative before a Revenue Committee hearing. In his comments to the committee, NFIB MA State Director Christopher Carlozzi said: “Small business faces highest-in-the-nation healthcare, energy, and unemployment insurance costs. Retailers in Massachusetts face stiff competition from both increasing internet sales and states like New Hampshire with no sales tax at all. Reducing the sales tax could prove vastly beneficial for both consumers and businesses, spurring higher economic growth and increasing revenue to the Commonwealth.”