Bill > S225

This bill establishes a temporary "meals tax holiday" in Massachusetts, meaning that for a specific period from March 22 through March 26, 2015, restaurants will not be required to collect or pay an excise tax, which is a type of tax, on meals purchased by customers. This exemption applies to meals as defined in section 6 of chapter 64H of the General Laws, and while restaurants are relieved of collecting this tax during the holiday, they must still report sales as required by law, and any excise tax that was mistakenly collected must be returned to the Department of Revenue. The Commissioner of Revenue is authorized to issue necessary guidance for implementing this holiday, but importantly, this tax holiday does not affect any local option meals excise taxes, which will continue to be in effect.