Wednesday, August 2, 2017

Retailers Will File Sales Tax Cut Ballot Question

Massachusetts voters in November 2018 may have a major tax cut on their ballot to go along with a proposed surtax on high income households.

Retail industry officials are poised to file initiative petitions that would reduce the 6.25 percent sales tax rate to either 5 percent or 4.5 percent, the News Service has learned.

"Massachusetts small businesses that employ thousands of workers are significantly disadvantaged when competing with stores in tax-free New Hampshire and big online retailers," Jon Hurst, president of the Retailers Association of Massachusetts, said in a statement. "Reducing the state sales tax will help small business remain competitive, while also putting money back in the pockets of those who need it most including seniors on fixed incomes and working class families.". . . more

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