May 3, 2012
Policy analyst George Awour of the Bell testified today against House Bill 12-1069, a proposal to create a three-day sales tax holiday on back-to-school related items.
Awuor told the Senate Finance Committee that, while tax holidays may be popular with some policymakers and the public, they are not good tax policy. He said that research shows that tax holidays rarely succeed in providing tax savings and that they do not stimulate retail sales and the economy at large.