2007-04-18 02:01:58 · 4 answers · asked by keerthi 1 in Business & Finance ➔ Careers & Employment
This is usually a time period when state and local government do not collect any sales taxes.
2007-04-18 02:13:48 · answer #1 · answered by c1523456 6 · 2⤊ 0⤋
Wikipedia defines it as:
A tax holiday is a temporary reduction or elimination of a tax. Governments usually create tax holidays as incentives for business investment. The taxes that are most commonly reduced by national and local governments are sales taxes. In developing countries, governments sometimes reduce or eliminate corporate taxes for the purpose of attracting FDI or stimulating growth in selected industries.
2007-04-18 02:09:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
This normally is like a weekend or specific date when sales tax isn't charged on several specific types of purchases, such as clothing and school supplies.
2007-04-18 02:10:20 · answer #3 · answered by ALFimzadi 5 · 1⤊ 0⤋
In New York City they do not collest sales tax for a period. It means for a period of time when they do not collect sales tax.
2007-04-18 02:07:27 · answer #4 · answered by PE7E 3 · 0⤊ 0⤋