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Volume 1
- Budget Message
- Issues in Brief
- Budget Recommendations
- Local Aid to Cities and Towns
- Capital Budget and Debt
Volume 2
- Budget Development
- Financial Statements
- Appropriation Recommendations
- Operating Transfers
- Local Aid - Section 3
- Outside Sections
- Tax Expenditure Budget
- Appendix A
- Glossary
Exempt Not Taxable as Tangible Personal Property
| TAX EXPENDITURE | FY2011 | FY2012 | FY2013 |
|---|---|---|---|
| Exempt Not Taxable as Tangible Personal Property | 12,591.7 | 12,735.5 | 13,354.7 |
| item | description | amount |
|---|---|---|
| Exempt Not Taxable as Tangible Personal Property | 13,354.7 | |
| 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 $137.7 million in Fiscal Year 2010 and $140.2 million in Fiscal Year 2011. Origin: General exclusion of real property transactions Estimate: $1998 |
1,997.5 |
| 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. Origin: General exclusion of real property transactions Estimate: $1691 |
1,690.9 |
| 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: $9519 |
9,519.0 |
| 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: $147.2 |
147.2 |
Key:
| ORIGIN | |
| M.G.L. | Massachusetts General Laws |
|---|---|
| ESTIMATES | All estimates are in $ millions. |
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