Legislators will seek the opinion of the attorney general on the constitutionality of a bill that would allow municipalities to choose whether to tax business equipment and personal property.
taxes
Posted inLocal & State, Politics, Schools and Education
Lawmakers say state should take back full cost of teacher retirement to ease burden on school districts
Rep. Michael Brennan, D-Portland, says reversing the budgeting change by former Gov. Paul LePage would provide ‘one of the most direct forms of property tax relief.’
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Posted inLocal & State, Politics
Maine’s next 2-year budget focuses on funding education and Medicaid expansion – with no new taxes
Gov. Janet Mills proposes an $8 billion plan that would increase General Fund spending 11%, saying Maine can afford to put more money into schools, public safety and municipal revenue sharing.
Posted inLocal & State, Politics
Sen. Susan Collins: Give all taxpayers a PIN and save billions of dollars
Collins’ bill proposes giving taxpayers an IRS personal identification number (PIN) to provide an extra layer of protection against fraud.
Posted inBusiness, Nation & World
U.S. budget deficit to hit $897 billion this year
Predictions indicate economic growth will slow as the effects of the president’s tax cuts for businesses drop off.
Posted inNation & World
Q&A: How new law, gov’t shutdown can impact tax season
Tax filing officially opens for individuals on Monday, Jan. 28.
Posted inBusiness, Life & Culture, Nation & World, News
Idea of 70% tax on wealthiest Americans has Davos abuzz
The suggestion by Rep. Alexandria Ocasio-Cortez has its share of critics.
Posted inBusiness, Health, Local & State, News, Politics
This year’s legislative session may pit Mills against her own party on taxes
Maine’s new governor has vowed not to raise taxes in her first 2-year budget proposal, but Democratic lawmakers’ agenda calls for more state spending.
Posted inBusiness, Life & Culture, Local & State, Nation & World, News, Politics
New year brings changes as Mainers begin to file tax returns
The standard deduction has roughly doubled, and those with dependent children and those who itemize deductions will see differences.
Posted inBusiness, Local & State, Politics
House speaker proposes new tax to fund paid leave for Maine workers
Democrat Sara Gideon’s bill would go beyond a federal law requiring most employers to give unpaid leave, and she says that would help Maine build ‘a strong, vibrant workforce.’