Shop Maryland Logo

You can shop for apparel and footwear through August 20, without paying sales tax on items priced under $100.  Apparel and footwear items priced over $100 will not qualify.

Ironically, school supplies are NOT tax free, even though this has been promoted by state officials as a back-to-school shopping week.

Maryland State Comptroller Peter Franchot pointed out today, in an interview on WBAL Radio, what a huge boost this will be for struggling Marylanders because it will save them $60 in sales tax for every $1000 they spend.  I guess he's expecting struggling Marylanders to still have the resources to spend $940 on clothes and shoes in addition to funds for necessary school supplies.

This tax holiday is expected to cost Maryland $15 million in tax revenue, just weeks before a special session of the General Assembly to discuss raising taxes. Yet most purchases of apparel and footwear in the coming week would have occurred with or without the tax-free holiday - or they've been postposed from the previous week or advanced from next week or later. 

Shop Maryland, in my opinion, is political propaganda rather than a serious effort to help struggling Marylanders who may need help with back-to-school needs.  Just sayin'...

But you might as well take advantage of it and save a few bucks if apparel and footwear is on your fall shopping list. Purchase it this wee!

 

Does Your State Have a Tax Free Holiday? (Click on the link to find out.)

Copyright 2006-13. Margaret Woda. All rights reserved.

  DISCLAIMER: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice.

________________________________________

Margaret Woda, Crofton Realtor


Margaret WodaMargaret Woda, REALTOR & Associate Broker
Long & Foster Real Estate, Inc., 2191 Defense Hwy., Crofton, MD 21114
Direct:  (410) 451-6245 or click on EMAIL

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5 Comments on Shop Maryland Tax Free This Week

AUG
16
2011
1 Featured Post

Margaret, this is good to purchase cloth for the kids, unfortunately school supplies are not tax free, I think that will help too in this economy. 
7:57am • #1
201,844 Points

Great way to save a little money even if it not for back to school clothing.
8:54am • #2
823,169 Points 155 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

I have such mixed feelings about this... I'm not going to buy $100 more to save $6 because that would be a net exit of $94 from my pocket.  This tax-free holiday is costing Maryland money they can't afford.  Then they'll turn around and raise taxes or fees.  It's really not worth it to me to save $6 on a $100 purchase to get hit with ten times that somewhere else.
9:50am • #3
AUG
17
2011
270,814 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Being a NJ resident forever, I've never heard of such a thing Margaret!  For your state to lose 15 million without generating additional sales - to speak of- doesn't seem to make sense to me either. 
7:11am • #4
823,169 Points 155 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Chris, it's relatively new here... I think they had to keep up with the many other states that have this each year. In my opinion, this is another one of those situations of government living beyond its means.
8:36am • #5


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Margaret Woda, Maryland Real Estate & Military Relocation Services

Margaret Woda

Crofton, MD

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Long & Foster Real Estate, Inc., Crofton, MD 21114

Address: 2191 Defense Hwy., #120, Crofton, Bowie, and Davidsonville, MD, 21114

Office Phone: (410) 721-1500

Cell Phone: (301) 346-2923

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