Economic development experts say new regulations for the tax break program will encourage investment in struggling parts of the state.
taxes
Posted inLocal & State, News, Politics
Maine cities and towns may get the chance to collect local sales taxes
The Legislature’s Taxation Committee narrowly approved a bill to let municipalities add a 1 percent tax on sales of meals and lodgings.
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Posted inBusiness, Local & State, News, Politics
Committee rejects proposed tax on water bottler Poland Spring
A bill to charge a per-gallon tax on water extracted for bottling appears destined to suffer the same fate as previous measures targeting Poland Spring.
Posted inBusiness, Local & State
Bill aims to encourage more employee-owned businesses
Sen. Nate Libby’s measure would offer tax breaks to help owners of companies sell to their workers or tenants.
Posted inBusiness, Local & State, News, Politics
Coalition pushes for rollback of LePage-era tax cuts
But Gov. Janet Mills and leaders of both parties have vowed not to increase state income taxes in the next 2-year budget.
Posted inLocal & State, News, Politics
Legislative committee rejects bill to allow local sales taxes
The measure to allow municipalities to collect a 1% sales tax is supported by the mayors of some of Maine’s largest cities, but it faces an uncertain fate as it heads to the full Legislature for a vote.
Posted inOp-Eds, Opinion
Rep. Terry: Hardworking Mainers should receive a ‘cost of living refund’
L.D. 1491 would replace the Maine earned income tax credit with a bigger credit available to more people.
Posted inLocal & State, News, Politics
Lawmakers hear proposals aimed at easing tax bite on Maine homeowners
The bills that went before the Taxation Committee would all increase the amount of property value exempt from local taxes, but some would apply only to older residents.
Posted inLocal & State, News, Politics
Republicans call for state income tax cut, warn against Democratic agenda
A group of prominent Republicans gathered with supporters at the State House on Monday, the tax filing deadline in most states, to highlight Maine’s tax burden and call for spending restraint.
Posted inEditorials, Opinion
Our View: What to do about Maine’s tax burden
The Legislature should start by fully funding revenue sharing and state education funding.