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  2. Taxation in Massachusetts - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Massachusetts

    Taxation in Massachusetts. Chapter 61 is a voluntary current use program designed by the Massachusetts Legislature to tax real property in the Commonwealth of Massachusetts at its timber resources value rather than its highest and best use (development) value. Landowners who enroll their land in the program receive property tax reductions in ...

  3. Massachusetts business trust - Wikipedia

    en.wikipedia.org/wiki/Massachusetts_business_trust

    v. t. e. A Massachusetts Business Trust ( MBT) is a legal trust set up for the purposes of business, but not necessarily one that is operated in the Commonwealth of Massachusetts. They may also be referred to as an unincorporated business organization or UBO. Business trusts may be established under the laws of other U.S. states.

  4. Corporate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Corporate_tax_in_the...

    Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017. State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions. Taxable income may differ from book income both as to timing of ...

  5. Massachusetts Development Finance Agency - Wikipedia

    en.wikipedia.org/wiki/Massachusetts_Development...

    The Massachusetts Development Finance Agency (MassDevelopment) was created in 1998 under Chapter 23G of the Massachusetts General Laws, [1] which merged the Massachusetts Government Land Bank with the Massachusetts Industrial Finance Agency. Both a lender and developer, MassDevelopment works with businesses, nonprofits, financial institutions ...

  6. Fast Lane (electronic toll collection) - Wikipedia

    en.wikipedia.org/wiki/Fast_Lane_(electronic_toll...

    Fast Lane. Fast Lane was the original branding for the electronic toll collection system used on toll roads in Massachusetts, including the Massachusetts Turnpike, Sumner Tunnel, Ted Williams Tunnel, and Tobin Bridge. It was introduced in 1998, and later folded into the E-ZPass branding in 2012. Fast Lane transponders were fully interoperable ...

  7. 1980 Massachusetts Proposition 2½ - Wikipedia

    en.wikipedia.org/wiki/1980_Massachusetts...

    Proposition 2½ ( Mass. Gen. L. c. 59, § 21C) is a Massachusetts statute that limits property tax assessments and, secondarily, automobile excise tax levies by Massachusetts municipalities. The name of the initiative refers to the 2.5% ceiling on total property taxes annually as well as the 2.5% limit on property tax increases.

  8. Payment in lieu of taxes - Wikipedia

    en.wikipedia.org/wiki/Payment_in_lieu_of_taxes

    A payment in lieu of taxes (usually abbreviated as PILOT, or sometimes as PILT [1]) is a payment made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership or use of real property .

  9. Massachusetts Government Act - Wikipedia

    en.wikipedia.org/wiki/Massachusetts_Government_Act

    The Massachusetts Government Act ( 14 Geo. 3. c. 45) was passed by the Parliament of Great Britain, receiving royal assent on 20 May 1774. The act effectively abrogated the 1691 charter of the Province of Massachusetts Bay and gave its royally-appointed governor wide-ranging powers. The colonists declared that it altered, by parliamentary fiat ...

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