3.203 -Exemption for Hotel/Motel Rooms
|
Item |
Description | FY2011 |
FY2012 |
FY2013 |
FY2014 |
FY2015 |
| 3.203 |
Exemption for Hotel/Motel Rooms
Rental charges for real property are exempt from sales tax. However, rentals of rooms in hotels, motels or lodging houses are subject to a state excise at a rate of 5.7% of the rental price, and, at a municipality's option, to a local excise of up to 6% of the rental price (6.5% in the city of Boston). A Convention Center financing fee of 2.75% is also included in certain areas.
Comment: Revenues collected under the budgeted state room excise were
$110.4 million in Fiscal Year 2011 and $121.6 million in Fiscal Year 2012.
Origin: General exclusion of real property transactions
Estimate: $0.0
|
0
|
0
|
0
|
0
|
0
|
Key:
| ORIGIN |
|
| M.G.L. |
Massachusetts General Laws |
| ESTIMATES |
All estimates are in $ millions. |
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