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Exempt Not Taxable as Tangible Personal Property
| TAX EXPENDITURE | FY2008 | FY2009 | FY2010 |
|---|---|---|---|
| Exempt Not Taxable as Tangible Personal Property | 9,626.4 | 9,174.1 | 9,525.5 |
| item | description | amount |
|---|---|---|
| Exempt Not Taxable as Tangible Personal Property | 9,525.5 | |
| 3.501 |
Nontaxation of Transfers of Real Property
Real estate is exempt from sales tax but is subject to a deeds excise at a rate of 0.456% of the taxable price of the property (0.342% in Barnstable County). The estimate represents revenues that would be collected under the sales tax if sales of real property were taxed at 5%. Comment: Revenues collected under the Deeds Excise Tax (including Secretary State Deeds) were $194.1 million in Fiscal Year 2007 and $153.7 million in Fiscal Year 2008. Revenues collected under the Deeds Excise Tax (including Secretary State Deeds) were $194.1 million in Fiscal Year 2007 and $153.7 million in Fiscal Year 2008. Origin: General exclusion of real property transactions Estimate: $1711 |
1,710.8 |
| 3.502 |
Nontaxation of Rentals of Real Property
Rental charges for real property, whether for residential or business purposes, are exempt from sales tax. Comment: This estimate excludes rentals of hotel/motel rooms, which are separately stated under item 3.203. This estimate excludes rentals of hotel/motel rooms, which are separately stated under item 3.203. Origin: General exclusion of real property transactions Estimate: $1150 |
1,149.6 |
| 3.503 |
Nontaxation of Certain Services
Certain services are not subject to sales tax. This estimate includes a range of services to individuals and businesses which are excluded from taxation by their omission from the statutory definition of services. Origin: M.G.L. c. 64H S. 1 Estimate: $6566 |
6,565.7 |
| 3.504 |
Nontaxation of Internet Access and Related Services
Internet access services, electronic mail services, electronic bulletin board services, web hosting services or similar on-line computer services are not subject to the sales and use tax. Origin: M.G.L. c. 64H S. 1 Estimate: $99.4 |
99.4 |
Key:
| ORIGIN | |
| M.G.L. | Massachusetts General Laws |
|---|---|
| ESTIMATES | All estimates are in $ millions. |
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