Supporters of the bill say the charge could be easily weathered by the wealthy owners of the private, luxury vessels. But critics say it could serve as a deterrent to tourism.
tax
Posted inBusiness, Local & State, News, Schools and Education
Bill would add to hotel sales tax to fund school construction
The legislation comes as a group plans to release a report examining possible changes to Maine’s school funding formula.
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Posted inLocal & State, News, Politics
Which taxes would increase under Gov. Mills’ budget proposal?
Some of the proposals would increase taxes on individuals. Others would be used to leverage federal Medicaid funds and would not be felt by Maine taxpayers, according to state officials.
Posted inBusiness, News
Trump Media fires auditing firm that U.S. regulators accuse of ‘massive fraud’
BF Borgers and its owner are charged with ‘deliberate and systematic failures’ in more than 1,500 audits.
Posted inBusiness, Nation & World, News
IRS will pause taking claims for pandemic-era tax credit due to an influx of fraudulent claims
The tax credit, called the Employee Retention Credit, was designed help small businesses keep paying their employees during the height of the pandemic.
Posted inBusiness, Local & State, News
Tax season thrown into chaos as IRS weighs taxing Maine relief checks
Even though some taxpayers already have filed, the state is one of nearly two dozen where federal officials have yet to determine whether the payments are taxable.
Posted inBusiness, Nation & World, News
IRS mistakenly published some taxpayers’ confidential data
The IRS accidentally posted data from a tax form used by both individuals and tax-exempt organizations.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: Why not a sales-tax holiday for Maine?
The projected $800 million budget surplus has positioned Maine well to provide some relief to our more cash-strapped friends and neighbors.
Posted inBusiness, Nation & World
Tax season begins two weeks early because of virus, IRS funding
This year’s tax filing season will begin on Jan. 24.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: Maine’s Historic Rehabilitation Tax Credit exceeds expectations
Judged efficient and effective in a state report, the program promotes growth that builds on our heritage while enhancing our future.