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Within four years of repealing the law, Cambridge, where "the city's form of rent control was unusually strict," saw new housing and construction increase by 50%, and the tax revenue from construction permits tripled. [12] Property values in Cambridge increased by about $7.8 billion in the decade following the repeal. [10]
2022 revision of Form 990. Form 990 (officially, the "Return of Organization Exempt From Income Tax" [1]) is a United States Internal Revenue Service (IRS) form that provides the public with information about a nonprofit organization. [2] It is also used by government agencies to prevent organizations from abusing their tax-exempt status. [3]
Updates to the CMR are published in the bi-weekly Massachusetts Register from the Massachusetts Secretary of the Commonwealth. The Code is organized by executive cabinet agency. In citations, the number before the "CMR" refers to the issuing agency, and the numbers thereafter refer to a specific chapter or section. [1]
Taxing jurisdictions levy tax on property following a preliminary or final determination of value. Property taxes in the United States generally are due only if the taxing jurisdiction has levied or billed the tax. The form of levy or billing varies, but is often accomplished by mailing a tax bill to the property owner or mortgage company. [48]
In this case the actual rental period is 13 months. If the lease rate is $1,500/month, the so-called face rent, then the total rent paid by the tenant will be 1,500 x 12 = $18,000. Over the 13-month period, this means the net effective rent is $1,385/month. Similar tenant inducements are often applied to large retail and industrial units as ...
The business trust made its debut in Massachusetts in 1827. As a result, a U.S. business trust today is often called a "Massachusetts trust" in legal circles. The U.S. Supreme Court defined the Massachusetts trust as a form of business organization, common in Massachusetts consisting essentially of an arrangement whereby property is conveyed to trustees: in accordance with terms of the trust.
This imposed a ceiling on how much could be demanded in payment of a quit rent. Where the sanctions for non-compliance are limited in this way, a quit rent is a rent in form and name, and not a tax; where they are not so limited, a quit rent is a rent only in form and name, being rather a tax.
In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the landowner. [2] In economics, ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the exclusive ownership of title privilege to location. [3] [4]