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, Long & Foster Real Estate, Inc.
Military Residential Specialist (MilRES®)
(410) 451-6245    mwoda@mris.com

Margaret Woda

 

Search for homes and explore the pages of MargaretWoda.com at your own pace and convenience for more information about homes, communities, and the home buying or selling process in Maryland.

 

Information contained in this blog post is reliable on the date of publication, but it is subject to change without notice.

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Topic:
Real Estate General Information
Location:
Maryland
Groups:
Almost Anything Goes
Tags:
shop maryland
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Comments 5 New Comment

Rainer
37,003
Jose Rivas

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. 

August 16, 2011 07:57 AM
Rainmaker
255,980
Alan Gross
PrimeLending, A PlainsCapital Company

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

August 16, 2011 08:54 AM
Ambassador
874,661
Margaret Woda
Maryland Real Estate & Military Relocation
Long & Foster Real Estate, Inc., Crofton, MD 21114

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.

August 16, 2011 09:50 AM
Rainmaker
278,506
Christine Hooks
Celebrating 20 Years in Real Estate!
Pino Agency

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. 

August 17, 2011 07:11 AM
Ambassador
874,661
Margaret Woda
Maryland Real Estate & Military Relocation
Long & Foster Real Estate, Inc., Crofton, MD 21114

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.

August 17, 2011 08:36 AM
Ambassador
874,661

Margaret Woda

Maryland Real Estate & Military Relocation
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Real Estate and community information for home buyers and sellers, military transferees, and rookie agents in the greater Crofton area, including Annapolis, Bowie, Davidsonville, Fort Meade, Gambrills, Joint Base Andrews, Millersville, Odenton, and the U.S. Naval Academy.

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Margaret Woda