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MA: Gov. Baker seeks big real estate sales tax hike to fund climate programs
mountaineer:
Governor Baker seeks big real estate sales tax hike to fund climate programs
The plan marks one of Governor Charlie Baker’s most high-profile bids to address climate resiliency as he begins his second term.
By Matt Stout
Boston Globe
January 19, 2019
--- Quote ---Governor Charlie Baker, a Republican who once campaigned against raising taxes, unveiled a proposal Friday to hike the tax on Massachusetts real estate transfers by 50 percent, and funnel the more than $1 billion it could generate in the next decade into steeling cities and towns against the effects of climate change.
The plan, which Baker intends to include in his state budget proposal on Wednesday, marks one of his most high-profile bids to address climate resiliency as he begins his second term.
But it’s also expected to face heavy resistance within real estate circles, where trade groups warn a tax hike could exacerbate the region’s already steep housing costs.
Baker’s proposed tax increase would add nearly $1,200 in taxes to the sale of a $500,000 home, with those costs paid by the seller. ...
--- End quote ---
Full story at the Globe
I'm looking out the window at the "effects of climate change" right now. The only good use for this money probably is more snow plows. *****rollingeyes*****
jpsb:
Ironic, this Wednesday is expected to be brutally cold for the North East.
Frank Cannon:
Another GOPer who strokes his base to get elected and then sets about to do things for Rat voters.
mountaineer:
--- Quote from: Amb. Frank Cannon on January 28, 2019, 02:22:16 pm ---Another GOPer who strokes his base to get elected and then sets about to do things for Rat voters.
--- End quote ---
Lather, rinse, repeat.
BlueHammer:
If you knew anything about MA property taxes, you'd know that proposition 2.5 dictates property taxes in communities.......it just doesn't work that way in MA
EDIT: I read more of it.......it's a tax on the sale.......lol, good luck with that
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