Search for: "STATE OF MAINE REVENUE SERVICES" Results 21 - 40 of 1,686
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22 May 2019, 6:16 am by Kevin Kaufman
Meanwhile, eight states levy a sales tax at the state, but not the local, level: Connecticut, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, and Rhode Island. [read post]
27 Dec 2010, 9:00 pm
The lucky winner(s) will have to pay tax on the winnings, but probably won't give any thought to the other type of lottery tax: The lottery revenue kept by state governments and used for services like publics education or parks is actually implicit tax revenue. [read post]
12 Apr 2010, 7:53 am by Bill Raftery
Specifies Judicial Retirement Program as a governmental qualified defined benefit plan pursuant to Sections 401(a) and 414(d) of the Internal Revenue Code and such other provisions of the Internal Revenue Code and United States Treasury regulations and other guidance as are applicable. [read post]
25 Aug 2022, 7:33 am by Kyle Hulehan
Property taxes comprise more than 90 percent of local government tax collections in 13 states, led by Maine at 99.0 percent of local revenue, and under half of local revenue in only four states.[10] In New Hampshire, where property taxes are responsible for 14.3 percent of state and 97.7 percent of local tax collections, 64.0 percent of all state and local tax revenue comes from property taxes. [read post]
15 Apr 2020, 6:43 am by Kevin Kaufman
Moreover, the goods and services seeing spikes in demand, like groceries and digital entertainment, are less likely to be subject to state sales tax.[1] The contraction in spending is affecting excise tax revenues and, in some cases, revenue may be eliminated entirely. [read post]
15 Aug 2012, 12:34 pm
An Enrolled Agent (EA) is a Federally Authorized Tax Practitioner who has technical expertise in the field of taxation and who is empowered by the United States Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals. [read post]
4 May 2022, 1:50 am by Kevin Kaufman
In 10 states, however, the tax on automobiles is imposed at the same rate as the general sales tax, and revenues are deposited into the general fund, but the state reports this revenue as selective rather than general sales tax revenue. [read post]
12 Jul 2018, 6:33 am by Thomas Dowdell (US)
On July 9, the Maine House sustained Governor LePage’s recent veto of a $60 million bill that would have funded Medicaid expansion with surplus revenue and money from the state’s tobacco settlement fund. [read post]
2 Oct 2017, 7:26 pm by indietech
  Each of these changes would drastically reduce the amount of revenue available to pay for vital state services, though by proposing that these changes be phased-in gradually over the course of the next decade, legislators are hoping to avoid having to spend too much time thinking about what state services will eventually have to be cut.Maine: State Tax Notes (subscription required) reports that the chairman of Maine’s… [read post]
22 Oct 2012, 3:45 pm
The main purpose of FATCA is to force foreign financial institutions to comply with reporting requirements of the Internal Revenue Service and curb non-compliance. [read post]
17 Jul 2020, 8:55 pm by Lisa Lee Lewis (UK)
On 15 July 2020, HM Revenue and Customs (HMRC) and HM Treasury (HMT) co-published a summary of responses to their technical consultation on the Fifth Money Laundering Directive (5MLD) and Trust Registration Service. [read post]
11 May 2020, 1:55 am by Kevin Kaufman
Moody’s, the ratings service, projects that FY 2021 state revenues could be 18.5 percent lower than prior projections, and 14.3 percent lower than states actually raised in the last fiscal year.[6] The NCSL, in its request to Congress, projected revenue losses of 15-20 percent.[7] Local governments tend to rely on a more stable tax mix than states, so slightly better outcomes seem likely. [read post]
17 Jun 2020, 5:21 pm by Valérie Demont
The determination of significant operations in the United States needs to be made taking into account multiple factors such as whether: over 50% of the assets are located in the United States, over 50% of the annual net income is generated in the United States, over 50% of the annual net operating revenues are generated in the United States or over 50% of the annual consolidated operating expenses (excluding interest expense and any other expenses… [read post]
6 Aug 2012, 10:45 am
The New York Times reported this may be a “potential bonanza” as other close states—New Hampshire, Maine, and Rode Island—become worried that they may lose their state revenues to Massachusetts. [read post]
15 Aug 2014, 3:19 pm
One of the main goals accomplished by legalizing marijuana in Colorado was the perceived increased revenue stream from state tax. [read post]
28 Jun 2011, 12:02 pm by Joe Bornstein
There are few states that can match the magnitude of waterways that our beautiful state of Maine has to offer. [read post]
19 Mar 2007, 9:39 am
Sales taxes are an important revenue source for almost every state in the US. [read post]
20 Dec 2018, 6:05 am by Kevin Kaufman
Source: Internal Revenue Service Statistics of Income, Table 2. [read post]
7 Apr 2020, 3:00 am by Kevin Kaufman
The goods and services seeing spikes in demand, moreover, such as groceries and digital entertainment, are less likely to be subject to state sales tax.[2] If the public health crisis extends for months, therefore, sales tax revenues will be among the hardest hit. [read post]