SALES, RENTAL TAXES AMONG MORE THAN $400 MIL IN NEW SENATE REVENUES [+MEDIA]
By Colin A. Young
STATE HOUSE NEWS SERVICE
STATE HOUSE, BOSTON, MAY 16, 2017.....Without raising existing tax rates, the Massachusetts Senate projects that it could generate an additional $409 million in tax revenue in fiscal year 2018 by applying existing taxes to new payers, changing how the state collects some taxes, and taking other steps.
The Senate budget released Tuesday morning by the Committee on Ways and Means calls for the state to levy a 5 percent excise tax upon all short-term room rentals through websites like Airbnb and VRBO, a proposal that the committee estimates would generate $18 million in annual revenue.
Already a subscriber? Login to continue reading...
Get the Rest of the Story!
State House News Service subscribers include media outlets, corporations, non-profits and law offices of every size. You may request a free 21-day trial of the News Service for your company by submitting the form below.
If you are already a subscriber and need access to SHNS, please send an email to firstname.lastname@example.org or call 617-722-2439.
Note to political campaigns: We do not accept trial requests from campaigns from June 24 through Election Day. However, we would be happy to start a pre-paid subscription for your campaign (except for constitutional offices) at a deeply-discounted rate of $21/week, paid through the election. Simply email Virginia Cummings to set up this subscription; she'll send you further instructions.