Some call state sales-tax holidays gimmicks that rely on bad tax policy and cost states much-needed money. Others say the tax-free shopping days boost local economies by getting more people into stores where their purchases might go beyond untaxed goods.
But everyone agrees the events, most of which are tied to annual back-to-school buying trips, are popular. That’s why at least a handful of sales-tax holidays make it onto calendars every year.
In summer 2014 there are 17 sales-tax holidays, during which states designate certain items as sales tax-exempt for a short time. In some states, the no-tax bargains run for just a couple of days. In others, the events extend for a full week….
By Kay Bell • Bankrate.com
