Soy nuevo en MVC, intento editar una fila y enviar datos editados a un método de controlador a través de jQuery y AJAX, cuando hago clic en editar, la fila específica se convierte en cuadros de texto ysave ActionLink aparece en lugar deedit, pero cuando lo guardo me da una excepción.

Aquí está mi jQuery / AJAX:

@model IEnumerable<OTESSystem.Models.tbl_HolidayList>

@{
    ViewBag.Title = "Index";
}


<script src="~/Scripts/jquery-1.8.2.min.js"></script>
<script src="~/Scripts/jquery-ui-1.8.24.min.js"></script>
<link href="~/Content/themes/base/jquery-ui.css" rel="stylesheet" />
    <script type="text/javascript">
        $(document).ready(function () {
            function toggleEditability() {
                $(this).closest('tr')
                       .find('a.Edit, a.Save, .displayText, input[type=text]')
                       .toggle(); 
            }

            $('a.Edit').click(toggleEditability);

            $('a.Save').click(function () {
                toggleEditability.call(this);
                var data = $(this).closest('form').serialize();
                //var url = $(this).attr('href');
                var actionURL = '@Url.Action("Edit", "Holiday")';
                $.ajax({
                    url: actionURL,             // Url to send request to
                    data:data,           // Send the data to the server
                    type: "POST",         // Make it a POST request
                    dataType: "html",     // Expect back HTML
                    success: function (html) {
                        $("#dialog-edit").dialog('open');       //
                    }
                });
            });
        });
    </script>

código chtml:

<div id="details">
    <table>
        <tr>
            @*<th>
                @Html.Label("ID")
            </th>*@
            <th>
                @Html.Label("Name")
            </th>
            <th>
                @Html.Label("Description")
            </th>
            <th>
                 @Html.Label("Date")
            </th>
            <th></th>
        </tr>

    @foreach (var item in Model)
    {
        if (Convert.ToDateTime(item.Holiday_date).Year.ToString() == DateTime.Now.Year.ToString())
        {
            <tr>
           @* <td>
                @Html.TextBoxFor(modelItem => item.Holiday_Id, new { style = "display: none; width:170px; height:15px" })
                <div class="displaytext">
                    @Html.DisplayFor(modelItem => item.Holiday_Id)
                </div>
            </td>*@
            <td>
                @Html.TextBoxFor(modelItem => item.Holiday_Name, new { style = "display: none; width:170px; height:15px" })
                <div class="displaytext">
                    @Html.DisplayFor(modelItem => item.Holiday_Name)
                </div>
            </td>
            <td>
                @Html.TextBoxFor(modelItem => item.Holiday_Description, new { style = "display: none; width:170px; height:15px" })
                <div class="displaytext">
                    @Html.DisplayFor(modelItem => item.Holiday_Description)
                </div>
            </td>
            <td>
                @Html.TextBoxFor(modelItem => item.Holiday_date, new { style = "display: none; width:170px; height:15px" })
                <div class="displaytext">
                    @Html.DisplayFor(modelItem => item.Holiday_date)
                </div>
            </td>
            <td>
               @Html.ActionLink("Edit", "Edit", new { id = item.Holiday_Id }, new { @class = "Edit", Href="#" })
               @Html.ActionLink("Save", "Save", new { id = item.Holiday_Id}, new { @class = "Save", Href = "#", style = "display:none" } ) |
               @Html.ActionLink("Delete", "Delete", new { id = item.Holiday_Id }, new { @class = "lnkDelete" })
               @Html.ActionLink("Cancel", "Cancel", new { id = item.Holiday_Id}, new { @class = "Cancel", Href = "#", style = "display:none" } )
            </td>
        </tr>
        }

    }

    </table>

   </div>

Código de método del controlador:

 public ActionResult Edit(tbl_HolidayList tbl_holidaylist)
        {
            if (ModelState.IsValid)
            {
                db.Entry(tbl_holidaylist).State = EntityState.Modified;
                db.SaveChanges();
                TempData["Msg"] = "Data has been updated succeessfully";
                return RedirectToAction("Index");
            }
            return PartialView(tbl_holidaylist);
        }

tbl_HolidayList.cs

namespace OTESSystem.Models
{
    using System;
    using System.Collections.Generic;

    public partial class tbl_HolidayList
    {
        public int Holiday_Id { get; set; }
        public string Holiday_Name { get; set; }
        public string Holiday_Description { get; set; }
        public Nullable<System.DateTime> Holiday_date { get; set; }
    }
}

¿Puedes decirme por qué recibo esta excepción?