Shop Maryland Tax Free This Week

By
Real Estate Agent with Long & Foster Real Estate, Inc., Crofton, MD 21114

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.)

Posted by


Margaret Woda

Margaret Woda - Real Estate The Woda Way

 

The Woda Way is to share with home buyers and sellers my 45 years of real estate experience, training, networking, and the latest technology, including the option of a paperless transaction. I work tirelessly for my clients and disappointing them is never an option. Learn more and search for homes in the greater Crofton area at MargaretWoda.com.

 

Margaret Woda, Long & Foster Real Estate, Inc. (410)451-6245|MWoda@mris.com

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Rainer
37,015
Jose Rivas
Nottingham, MD

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. 

Aug 16, 2011 07:57 AM #1
Rainmaker
273,124
Alan Gross
PrimeLending, A PlainsCapital Company - Bethesda, MD

Great way to save a little money even if it not for back to school clothing.

Aug 16, 2011 08:54 AM #2
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Margaret Woda
Long & Foster Real Estate, Inc., Crofton, MD 21114 - Crofton, MD
Maryland Real Estate & Military Relocation

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.

Aug 16, 2011 09:50 AM #3
Rainmaker
280,152
Christine Hooks
Pino Agency - Pennsville, NJ
Celebrating 20 Years in Real Estate!

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. 

Aug 17, 2011 07:11 AM #4
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Margaret Woda
Long & Foster Real Estate, Inc., Crofton, MD 21114 - Crofton, MD
Maryland Real Estate & Military Relocation

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.

Aug 17, 2011 08:36 AM #5
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Margaret Woda

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