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Massachusetts has a 6.25% state sales tax on most goods (raised from 5% in 2009). There is no sales tax on food items, but prepared meals purchased in a restaurant are subject to a meal tax of 6.25% (in some towns voters chose to add a local 0.75% tax, raising the meal tax to 7%, with that incremental revenue coming back to the town).
The only goods in Massachusetts exempt from the sales tax are necessities like food, clothing, and prescriptions. If anything should be taxed, products like cigarettes and alcohol should be. The tax has brought in $93 million in the current fiscal year that has helped fund the operations of recovery high schools [11]
The nature of building on a border between a state with no sales tax (New Hampshire) and a state with one (Massachusetts) was shown in the changing plans and problems. Originally, the mall was to straddle the border, with retail on the no-sales-tax side. Restaurants were to be on the opposite end, since Massachusetts has a lower meals tax ...
For the period, it is modeling net sales of $15.2 billion to $15.5 billion. This should filter down into adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $400 ...
Central Ohio sales-tax rates are as follows: Franklin County: 7.5%. Delaware County: 7%, although the rate is 7.5% in portions of Columbus and Westerville that extend into Delaware County because ...
The city has anticipated raising the millage rate by 1.25 mills to cover both the loss in revenue from a local option sales tax it shares with Douglas County and the increase in the cost Douglas ...
After milk prices plummeted, the Massachusetts Department of Food and Agriculture issued a pricing order that taxed all the raw milk sold by milk dealers to Massachusetts retailers and dispersed the revenue as a subsidy to Massachusetts dairy farmers. The order, which was designed to aid only Massachusetts milk producers, required dealers to ...
Dave & Buster's has two deals valid on Tax Day. When you buy an adult food item for $11.99 or more, you'll get a free kids meal and a $5 Power Card. Between April 15 — 28, the chain is also ...