- Associated Press - Tuesday, April 15, 2014

PROVIDENCE, R.I. (AP) - A bill that would create two sales-tax holidays a year in Rhode Island is being heard by House lawmakers.

The Finance Committee is scheduled to take up a bill Tuesday that would create tax holidays on Presidents Day and the Saturday before Labor Day. Retail purchases would be free of the state’s 7 percent sales tax on those days. Items costing more than $2,500 wouldn’t qualify for the exemption.

Two bills that would lower the sales tax are pending. Sponsors say the legislation would make the state more business- and consumer-friendly, especially since Connecticut and Massachusetts have lower sales taxes.

Both neighboring states have held sales-tax holidays in an effort to boost sales.

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