The Bond Buyer: Revenue-rich states offer targeted sales tax breaks as inflation skyrockets
08/01/2022
Tom Kozlik, head of municipal research and analytics at HilltopSecurities, said given the strong fiscal situation of states and local governments, the holidays won’t impact their credit or ability to deliver necessary services. “Tax holidays do not usually increase the overall amount of economic activity, they usually just refocus a portion of it to occur during the specified holiday period,” he said.