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Company Holidays

Is there any way to store our company calendar "rules" regarding holidays, and then reference those as non work days, or non -business hours?
 
I know I can create a formula to determine if a specific date is a holiday for us - but that would require me to change the formula every year if I can't refer to a set of rules.
 
Thoughts?  Is Salesforce going to introduce any features that are more capable  of handling time of day, business hour rules, holiday rules etc?