Tuesday, October 1, 2013

Maine Adds Sales Tax for Magazines, Newspapers

http://bostonherald.com/business/media_marketing/2013/09/maine_newspapers_magazines_slapped_with_sales_tax
Maine residents will have to pay slightly more for newspapers, magazines and other publications, which will be subject to the state's 5.5 percent sales tax starting Tuesday.
Gov. Paul LePage, who generally opposes all new taxes, pushed to lift the exemption on newspapers and magazines in the last legislative session, arguing that only a handful of states allow them to be tax free.
But some say the new tax — which the state estimates will bring in about $6 million over the next two fiscal years — puts a regulatory burden on newspapers with limited resources and staff while taxing buyers.
The newspaper tax come as Maine's sales tax rises on Tuesday to 5.5 percent from 5 percent and the meals and lodging tax is boosted to 8 percent from 7 percent. LePage vetoed the state's $6.3 billion budget because of those increases.