Category Archives: Taxes

Tax Hike Would Erase Drop in Prices Over Past Month

Tax Hike Would Erase Drop in Prices Over Past Month   The average price of a gallon of gas in Massachusetts dipped below $3.50 in AAA’s most recent survey, but gas remains 11 cents a gallon more expensive than a year ago. AAA’s weekly survey results placed the average price of a gallon of regular […]

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Tax Budget Talks Drag Closer to Fiscal New Year Deadline

Tax Budget Talks Drag Closer to Fiscal New Year Deadline   Both branches stand ready to gavel into formal session this week to pass through a $500 million tax bill and the annual $34 billion budget should compromises be reached by the two conference committees negotiating the bills in private. As of about 9 a.m. […]

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Tax Collections Down Over the Month

Tax Collections Down Over the Month The state’s official revenue benchmark envisions an 8.2 percent surge in tax collections during April, but receipts over the first half of the month were down $10 million, or 1.4 percent compared to the same period in 2012, according to the Department of Revenue. The state’s benchmark calls for […]

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House Turns Down Income and Sales Tax Cuts

House Turns Down Income and Sales Tax Cuts House Democrats voted down a plan to roll back the state’s income and sales tax rates back to 5 percent over five years. The amendment failed 35 to 118. The state’s income tax rate is 5.25 percent and its sales tax rate is 6.25 percent.

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Transportation Finance Bill – Mass Senate

Transportation Finance Bill – Mass Senate The Senate cleared  legislation to raise gas, tobacco and business taxes in Massachusetts by $500 million and eventually dedicating up to $800 million a year in new revenues for transportation during the rare Saturday session. Senate President Therese Murray presided over the session as the Senate roared through more […]

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DeLeo Speaks Out on Jobs, Taxes, Health Care, Higher Ed

During his annual address to the House Speaker Robert DeLeo, who was not been shy about aggressively pushing to legalize gaming in Massachusetts, sought to assure his colleagues and critics that his focus on job creation extends beyond casinos. DeLeo told House members that he would look to find opportunities in the Commonwealth to create […]

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