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Prior to approval, the landowner must establish a forest management plan for the affected property and have it approved by a state certified forester. Only the wooded and undeveloped portions of the land may be enrolled in the program. The tax reduction is based upon the market value of the potential forestry products the land can produce. [2]
The ATB is the locus of the overall system of revenue production for the Commonwealth. Ninety percent of the petitions filed at the ATB are appeals of local property taxes. The remaining cases are appeals by taxpayers regarding all state taxes, including the income tax, sales, and use taxes, the bank excise tax, the corporate excise tax, and ...
Massachusetts is known for its progressive politics, and is a stronghold of American Liberalism and the Democratic Party. In a 2018 Gallup poll Massachusetts was the state with the highest percentage of its population identifying as liberal and the lowest percentage identifying as conservative, at 35% and 21% respectively. [19]
In 1922, the Massachusetts General Court passed legislation creating the department of administration and finance. The department replaced the office of supervisor of administration and assumed many of the duties of the superintendent of buildings, Secretary of the Commonwealth, state treasurer, and state auditor. [2]
In 2020, Massachusetts became the first state to implement a comprehensive ban on all flavored tobacco products, including menthol cigarettes and flavored e-cigarettes.
Each year, the state Department of Revenue calculates a "new growth" figure for each municipality, allowing that community to increase its levy a certain amount beyond the 2.5% limit to account for value-adding improvements in the local property stock, such as the subdivision of farms to high-priced homes.
The treasurer and receiver-general of Massachusetts is an elected constitutional officer in the executive branch of the U.S. state of Massachusetts.Originally appointed under authority of the English Crown pursuant to the Charter of the Massachusetts Bay Company, the office of treasurer and receiver-general (commonly called the "state treasurer") became an elective one in 1780.
In practice, it usually limits the tax bills of individual taxpayers, but only as an indirect result. The limits for each community are calculated by the Massachusetts Department of Revenue. [citation needed] A side effect of Proposition 2½ is that municipality income will decline in real terms whenever inflation rises above 2.5%.