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(The Center Square) – Amid a push to raise the annual cap on property tax increases statewide, Sen. Phil Fortunato, R-Auburn, wants the Legislature to exempt around 500,000 senior citizens ...
Dec. 18—Maine teachers, firefighters and other public sector employees could benefit from a bill that the U.S. Senate advanced on a 73-27 vote Wednesday, signaling that that the legislation co ...
New Hampshire doesn’t tax personal income, but it does have a 4% tax on dividends and interest with a total gross from all sources of $2,400 for individuals. This tax is set to be phased out by ...
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A "mirror" tax is a tax in a U.S. dependency in which the dependency adopts wholesale the U.S. federal income tax code, revising it by substituting the dependency's name for "United States" everywhere, and vice versa. The effect is that residents pay the equivalent of the federal income tax to the dependency, rather than to the U.S. government.
On Wednesday, the Maine Department of Health and Human Services (DHHS) said it will provide one-time payments of $500 to about 13,000 qualifying senior households. The payments will be issued ...
Tax increment financing in the state of Maine allows a town or city to define, after applying to the state, a certain region or business within its borders as a TIF district. The local tax revenues generated by that district are, one, dedicated to a specific project or economic development fund, and two, are not counted towards the municipality ...
Unexpected tax bills can cause unnecessary stress for seniors and, ultimately, these individuals would not gain any additional income from the COLA increase. Even Double Digit Increases Will Only ...