Yet Another Way to Get People Spending…

The state of Minnesota is considering enacting a tax on clothing.

Clothing purchases currently are exempt from the 6.5 to 8% sales tax, which has been considered a special incentive to draw tourists to the Mall of America.  Half of MOA’s visitors are tourists, many coming from neighboring Wisconsin to save money.

One hangup of the proposal is Minnesota’s western neighbor, North Dakota.  Their legislature is considering removing the sales tax on clothing, which could draw shoppers from Minnesota and negate any tax benefit.

This bi-partisan idea came from a commission formed by Republican Governor Tim Pawlenty.   The Governor says he opposes the sales tax on clothing.

There’s nothing like upping the prices to get people to spend!

Published in: on February 28, 2009 at 8:36 pm  Leave a Comment  

The URI to TrackBack this entry is:

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: