taxes
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PublishedMarch 19, 2025
Maine lawmakers weigh property tax relief, even as Mills signals she won’t support most efforts
Inflation and a runaway hot real estate market have led to a spike in property taxes across Maine — an issue that came into focus last year when lawmakers repealed a new program that froze property taxes for older adults because it was financially unsustainable.
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PublishedFebruary 16, 2025
Our View: Raise the cigarette tax in Maine
All available evidence should make it hard to oppose this tax with a straight face. Where there’s smoke …
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PublishedFebruary 12, 2025
Recreational cannabis brought in millions last year. Maine towns could finally get a cut.
The Legislature is considering 2 bills that would implement revenue sharing across the state's recreational cannabis industry.
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PublishedFebruary 3, 2025
Waterville tax lien goes undiscovered for 62 years
"I don't think I've ever seen one quite this old," said the lawyer representing the estate of Edward E. Spaulding Sr., who officials say paid his taxes every year for decades.
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PublishedDecember 16, 2024
Falmouth man pleads guilty to nearly a decade of tax evasion
Jeffrey Riddle failed to pay the IRS hundreds of thousands in taxes, then he bought an island home.
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PublishedNovember 17, 2024
Dairy task force recommends boosting subsidy to preserve Maine farms
A draft report calls for additional taxes on gambling, cannabis or cigarettes to help stabilize funding for the subsidy program that protects Maine's struggling dairy farms.
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PublishedOctober 22, 2024
Taxpayers will get higher standard deductions in 2025, IRS announces
It's rising to $15,000, up $400 from this year.
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PublishedSeptember 14, 2024
U.S. hostages still owe taxes. Congress might not help.
Congress agrees the law must be changed, but efforts to change it are stuck amid other contentious issues.
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PublishedSeptember 12, 2024
Biden administration releases plans for new minimum tax on large companies
The new minimum tax on large companies by the Biden administration aims to raise $250 billion over the next decade.
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PublishedSeptember 6, 2024
Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
The IRS credits spending that has ramped up collection enforcement through President Biden's signature climate, health care and tax package signed into law in 2022.
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