Exempt Not Taxable as Tangible Personal Property

Fiscal Year 2010 Resource Summary (in Millions)
TAX EXPENDITURE FY2009 FY2010 FY2011
Exempt Not Taxable as Tangible Personal Property 9,947.7 11,940.3 12,734.1

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item description amount
Exempt Not Taxable as Tangible Personal Property 12,734.1
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 6.25%.

Comment: Revenues collected under the Deeds Excise Tax (including Secretary State Deeds) were $153.7 million in Fiscal Year 2008 and $105.5 million in Fiscal Year 2009.

Revenues collected under the Deeds Excise Tax (including Secretary State Deeds) were $153.7 million in Fiscal Year 2008 and $105.5 million in Fiscal Year 2009.
Origin:  General exclusion of real property transactions
Estimate:  $2045
 
 2,044.9
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:  $1461
 
 1,460.7
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:  $9107
 
 9,106.8
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:  $121.8
 
 121.8

Key:

ORIGIN  
M.G.L. Massachusetts General Laws
ESTIMATES All estimates are in $ millions.