Quote:
Originally Posted by John Mercier
I can't remember correctly the court case, but I believe that a fee can only be used for the purposes stated in the statute, and must go toward value to those paying the fee.
Other than that the court holds it to be a tax.
The property things are about revenue.
As there are other bills introduced that reduce the property taxes at the State level, but increase the business taxes.
NH ranks 44th (1 being best) in corporate taxation.
So as it stands, it makes more sense to reside here and invest in production in other States - all other things being equal.
They do have a slight lowering of the BET that has passed the House; and two other bills in that would simply repeal the BET and BPT tax laws that are currently in committee.
It has taken ten years to move the BPT down from 8.5 to 7.5, and we really need to be at 6.0 or less to be even remotely competitive.
It takes that low a rate to make up for the additional energy and transportation costs, and now a cost of labor as manufacturers have to compete for top talent.
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It's not the money I mind it's the inefficient use of money that irks me. They are using most of the $50 to collect the $50.
I would rather they charge me (and everybody else) $500, and put >90% toward protecting the lake that my raft and dock are sitting on.
Also, when you say "it makes more sense to reside here...". If you live in Mass, like the plurality(?) of out of state owners, your reasons for living in Mass are likely a lot bigger than a few thousand dollars/year in tax savings. If it was easy to escape Mass income taxes with a few forms filled out, we'd all be doing it