The federal bureau that approves company expansions and beer labels for out-of-state sales has been closed since Dec. 22, preventing breweries from introducing new releases outside Maine.
taxes
Posted inBusiness, Politics
Partial government shutdown leaves some small businesses in tax limbo
Ambiguities in the revised federal code mean self-employed Mainers in the real estate and insurance industries may have to file for an extension or submit best-guess numbers.
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Posted inBusiness
Startup investors camp out for Maine tax credit
The Maine Seed Capital Tax Credit program has become so popular that its overseers are asking the Legislature to triple its budget.
Posted inBusiness
Corporate tax cuts a boon to some Maine companies
However, one publicly traded company in the state says the cut actually will hurt its bottom line.
Posted inMaine, sj-web
Referendum on home care could result in ‘marriage penalty’ tax
A change in the wording of Question 1 on the upcoming November ballot has touched off a raging debate over how the measure’s proposed income tax surcharge would apply to married couples. If passed, Question 1 would create a law that directs money to home care workers through a new income tax surcharge of 3.8 […]
Posted inBusiness
N.H. liquor stores offer Maine residents an 11% discount
CONCORD, N.H. (AP) – To highlight New Hampshire’s tax-free status and to thank out-of-state customers who make up more than half of its annual sales, the state liquor commission is offering them discounts at its liquor and wine outlet stores. The “No Taxation on Our Libations” sale is providing customers from Massachusetts a 13 percent […]
Posted inMaine, sj-web
LePage proposes increasing taxes on hospitals to cover Medicaid expansion
AUGUSTA (AP) — Maine’s Republican governor is publicly laying out a proposed tax hike on hospitals to pay for voter-approved Medicaid expansion. Gov. Paul LePage’s office says Medicaid expansion will offset a tax hike by decreasing charity care and bad debt. Maine’s hospital tax rate is 2.23 percent, and Rabinowitz said Maine could go up […]
Posted inBusiness, sj-web
Maine gets $5.3 million as its cut of 284,500 Airbnb guest stays
Online lodging service Airbnb counted 4,500 host properties in Maine and 284,500 guest stays in 2017. But the largest number released by the vacation rental giant on Tuesday: $5.3 million paid in state sales tax in the past year. Airbnb reached an agreement with Maine on April 1, 2017, to start collecting lodging taxes on […]
Posted inNation / World, sj-web
Report: Legal marijuana boosts government revenue — a little
A new report finds that legalizing and taxing marijuana boosts revenue for state and local governments, but not by much. The credit rating agency Moody’s Investor Service says in a study released Tuesday that legalizing recreational use of marijuana brings governments more money than it costs to regulate it. Despite high taxes on the legal […]
Posted inMaine
Sides poised for battle over $111 million state tax cut
AUGUSTA – A political battle is heating up in the State House over whether Maine should conform the state income tax with new federal tax law, a move that would bring a wave of tax cuts valued at about $111 million. The Legislature’s Taxation Committee on Monday began a close examination of Gov. Paul LePage’s tax […]