The federal gas tax was first imposed in 1932 as an effort to increase revenue during the Great Depression.
tax
Posted inBusiness, Maine, News
Maine may spare some scam victims from paying taxes on losses
A legislative committee unanimously voted to advance the proposal on Thursday.
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Posted inBusiness, Maine, News
Property taxes too high? Maine is weighing these 5 fixes
A task force of lawmakers, citizens and experts issued preliminary guidance on how to curb rising property taxes in a report to the Legislature last month.
Posted inBusiness, Maine, News
How a Maine couple gave their $1.3 million retirement savings to bitcoin scammers
Larry and Barbara Cook are risking public embarrassment to spare others from a similar trauma. In the process, they’re helping to rewrite federal and state income tax laws related to fraud losses.
Posted inMaine, Politics
Lawmakers may impose impact tax on megayachts visiting Maine
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.
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.
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.