TAXES

The Massachusetts Senate approved a first-of-its kind state tax for outdoor recreational businesses in the town of Charlemont.
Masslive / Republican File

The Massachusetts Senate approved a first-of-its kind state tax for outdoor recreational businesses in the town of Charlemont. If approved, a three percent tax would be levied.

Boston Approves Tax Break For Amazon's Seaport Plans

Mar 16, 2018

Boston’s planning and development agency on Thursday night approved a measure giving Amazon a tax break for proposed office space in the Seaport.

Amazon is negotiating a lease for forthcoming office space in the massive Seaport Square development.

The plan approved by the Boston Development and Planning Agency (BPDA) would give Amazon a $5 million reduction in property taxes in exchange for the company adding 2,000 workers.

Newman's Own Rescued From Tax Snafu

Feb 26, 2018

Newman’s Own Foundation CEO Bob Forrester thanked Connecticut’s U.S. Senators for helping it escape a tax provision that would have threatened its existence.  

Democrat Representative Jason Rojas of East Hartford is proposing a 4 cent increase to the state gasoline tax to help shore up Connecticut’s Special Transportation Fund that’s running out of money.

Tucked into the new tax law is a provision that offers companies a tax credit if they provide paid family and medical leave for their lower-wage workers.

Many people support a national strategy for paid parental and family leave, especially for workers who are not in management and are less likely to get that benefit on the job. But consultants, scholars and consumer advocates alike say the new tax credit probably won't encourage many companies to take the plunge.

Pledging to defend American businesses and workers, President Trump imposed tariffs on imported solar panel components and large residential washing machines on Monday.

Finance planning.
Ken Teegardin / Creative Commons / flickr.com/photos/teegardin

While President Trump's federal tax changes have been associated with some companies paying out big bonuses, much of its impact on residents, communities and states is still unclear. State House News Service reporter Matt Murphy tells us whether lawmakers in Boston have a good grasp of the tax bill's implications.

Cash.
Ed Ivanushkin / Creative Commons / flickr.com/photos/barsen

Tax collections in December left Massachusetts flush with an unbudgeted windfall of cash, and have exceeded estimates by $728 million. 

The week after Christmas is usually a short and slow one for town officials in New Paltz, N.Y. — but not this time.

"When we opened town hall Wednesday we had almost 100 voicemails from people inquiring about how they could prepay their taxes," says Daniel Torres, the town's deputy supervisor.

And the phones kept ringing. People started lining up. Torres says the clerk's office has a only few people working in it.

"The clerk's office was so overrun. After a certain while we couldn't even pick up the phones anymore," he says.

Electricity lines.
pxhere / Creative Commons

Some Eversource customers who braced for higher charges could end up paying less for their electricity after the energy company proposed changes based on the new federal tax law.

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