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Tough choices for rental owners. Multiple short-term rental owners in Santa Fe said, at the very least, they need more time to adjust to a change in the tax classification of their properties ...
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 ...
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
The corporate income tax rate is 8.8%, [300] and the short-term capital gains tax rate is 12%. [301] An unusual provision allows filers to voluntarily pay at the pre-referendum 5.85% income tax rate, which is done by between one and two thousand taxpayers per year. [302]
For one weekend, retail items purchased for personal use will have no sales tax. Massachusetts Tax Free Weekend 2024 starts Saturday. Here's what is tax free, exclusions
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The ordinance was passed and signed into law by Walsh. He supported an ordinance in the city council which regulated short-term rental of housing units, and signed it into law in 2018. In 2016, Boston and General Electric struck a deal for the corporation to move its headquarters to Boston.
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