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, Maine, News, Schools & 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 inMaine, 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, 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, Maine, 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
Tax season begins two weeks early because of virus, IRS funding
This year’s tax filing season will begin on Jan. 24.
Posted inBusiness, Nation / World
Some billionaires vent over Biden plan imposing income tax on richest
ProPublica reported in June that some of the richest Americans have paid no income tax, or nearly none, in some years — including Elon Musk, who paid zero income taxes in 2018.
Posted inNation / World, News, Politics
Billionaire tax takes shape, faces critics, as Biden pushes for budget deal
Resolving the revenue side is key as the Democrats scale back what had been a $3.5 trillion plan, insisting all the new spending will be fully funded.
Posted inBusiness, Nation / World
Rift between Republicans, corporate America creates opening for Biden’s tax plan
White House officials have argued to corporate executives that the tax hikes are necessary to fund large investments in public infrastructure that the business sector has long sought.
Posted inCommunity
Town of Rumford to offer property tax payment program
The Tax Club Program allows residential property owners to pay their real estate property taxes over the course of the year.