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The House is considering expanding the state and local tax deduction limit for higher-income married couples in high-tax states.. The bill, sponsored by Rep. Michael Lawler, R-N.Y., would double ...
Sep. 9—Portland city officials are considering a temporary program that would provide additional property tax relief for seniors until a new state tax deferral option goes into effect next year.
May 18—The pandemic's rapid and topsy-turvy impacts on property values, assessments, and more have prompted plenty of problems, as reported in a number of recent News Tribune articles. But also ...
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
In order to claim this credit the tax filer must be a resident for the full year. The maximum credit is $1,000 and for filers who make less than $25,000 per year the property tax must be over 3% of their yearly income. For tax filers who make between $25,000 and $40,000 the property tax must be over 4% of their yearly income.
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 ...
The Fairness Project's focus for 2016 was a campaign to improve minimum wages. The campaign initially focused on three regions: Maine, California, and Washington, D.C., whose 2015 minimum wages were $7.50, $9.00, and $10.50 respectively. This provided a geographical mix and many difficulties – it was believed that while Washington and Maine ...
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 ...
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