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State Rep. Kay Khan, D-Newton, filed numerous bills since 2011 to raise the alcohol excise tax and establish an alcohol sales tax in Massachusetts. “I wish I had the answer,” said Khan when ...
The Legislature has authorized local governments to administer the property tax under state supervision, and to set property tax rates locally. A 1980 law, passed by popular ballot and known as "Proposition 2½," sets limits on property tax and automotive excise tax rates. There are three parts to the property tax limit calculation.
Proposition 2½ (Mass. Gen. L. c. 59, § 21C) is a Massachusetts statute that limits property tax assessments and, secondarily, automobile excise tax levies by Massachusetts municipalities. The name of the initiative refers to the 2.5% ceiling on total property taxes annually as well as the 2.5% limit on property tax increases.
Excise taxes on tobacco raised $12.4 billion in fiscal year 2020. [2] The tax equals $1.01 per pack of 20 of cigarettes. Federal excise tax revenue from tobacco products peaked in fiscal year 2010 at $17.2 billion after the increase in tobacco product tax rates in the Children's Health Insurance Program Reauthorization Act of 2009. This tax ...
WORCESTER — With tax season here, the Worcester Free Tax Service Coalition is launching its 21st year of working to make tax credits and preparation more accessible to low-income residents.
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This proposed law would remove the Massachusetts sales tax on alcoholic beverages and alcohol, where the sale of such beverages and alcohol or their importation into the state is already subject to a separate excise tax under state law. The proposed law would take effect on January 1, 2011.
Grants and tax breaks discussed. WORCESTER — In response to recent reports of businesses facing restrictions due to a lack of sprinklers, City Council voted Tuesday to request City Manager Eric ...