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Massachusetts Question 3, filed under the name, the 3 percent Sales Tax Relief Act, appears on the November 2, 2010 ballot in the state of Massachusetts as an initiative. The measure, if enacted by voters, would reduce the state sales tax rate from 6.25 to 3 percent.
Massachusetts has a 6.25% state sales tax on most goods (raised from 5% in 2009). There is no sales tax on food items, but prepared meals purchased in a restaurant are subject to a meal tax of 6.25% (in some towns voters chose to add a local 0.75% tax, raising the meal tax to 7%, with that incremental revenue coming back to the town).
Chapter 61 is a voluntary current use program designed by the Massachusetts Legislature to tax real property in the Commonwealth of Massachusetts at its resources value rather than its highest and best use (development) value. Landowners who enroll their land in the program receive property tax reductions in exchange for a lien on their ...
For two days, the state will suspend collection of the 6.25 percent sales tax on most items that retail for less than $2,500. Summer savings: Mass. lawmakers agree to August sales tax holiday Skip ...
The state imposes a 6.25% sales tax [299] on retail sales of tangible personal property—except for groceries, clothing (up to $175.00), and periodicals. [302] The sales tax is charged on clothing that costs more than $175.00, for the amount exceeding $175.00. [302]
Connecticut. Social Security benefits get taxed in Connecticut, but the state offers an exemption for seniors who make less than $75,000 (as single filers) or $100,000 (as joint filers).
The ballot measure for the 2010 ballot was added after the Massachusetts State Legislature increased the sales tax in the state from 5% to 6.25% and eliminated an exemption for alcohol sold in liquor stores. [1] [2] [3] The Measure passed with 52% of the vote thereby eliminating the sales tax on alcohol beginning January 1, 2011. [4] [5]
The state once had a tax on "intangible personal property" held on the first day of the year (stocks, bonds, mutual funds, money market funds, etc.), but it was abolished at the start of 2007. [12] Nevada – no individual or corporate income tax. Nevada gets most of its revenue from sales taxes as well as taxes on the gambling and mining ...