Market Commentary and Intraday News
Mass. governor signs jobs bill, OKs tax holiday
316 days ago
(AP:BOSTON) Massachusetts shoppers will be able to purchase certain items free of sales tax this upcoming weekend, as Gov. Deval Patrick has given final approval to economic development legislation.
The bill that Patrick signed into law on Tuesday aims to spur economic development and job creation in the state. It also includes the provision for a two-day sales tax holiday Aug. 11-12 for certain purchases under $2,500.
The new law calls for nearly $30 million in state grants to spur economic development, particularly in scientific research and advanced technology manufacturing and would fund research projects at the University of Massachusetts and other state universities with matching grants.
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