Comptroller Peter Franchot reminds taxpayers that Shop Maryland Tax-Free Week returns August 8-14 with significant savings for consumers, scholarship opportunities for college and trade school students, and a much-needed sales boost for retailers. “Tax-free week is a rite of Maryland’s late summer, signaling the approach of a new school year, cooler weather and a change of wardrobe,” Comptroller Franchot said. “Maryland’s high vaccination rates means life is beginning to return to normal. While I continue to urge caution, Marylanders should take advantage of tax-free week savings and support locally owned businesses that have been hit hard during the pandemic.” During the week, any single qualifying article of clothing or footwear priced $100 or less – regardless of how many items are purchased in the same transaction – will be exempt from the state’s six percent sales tax. The first $40 of any backpack purchase is also tax free. Although commonly associated with back-to-school shopping, Comptroller Franchot reminds Marylanders that tax-free savings apply to shoppers of all ages. The Comptroller’s Office is partnering with the Maryland Retailers Association (MRA) to again offer scholarships to two students attending a Maryland university, college or trade school, with a $1,000 award for first place […]
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