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Prior to approval, the landowner must establish a forest management plan for the affected property and have it approved by a state certified forester. Only the wooded and undeveloped portions of the land may be enrolled in the program. The tax reduction is based upon the market value of the potential forestry products the land can produce. [2]
The state once had a tax on "intangible personal property" held on the first day of the year (stocks, bonds, mutual funds, money market funds, etc.), but it was abolished at the start of 2007. [12] Nevada – no individual or corporate income tax. Nevada gets most of its revenue from sales taxes as well as taxes on the gambling and mining ...
This allows the state legislature to delegate the details of certain types of lawmaking to executive agencies. Updates to the CMR are published in the bi-weekly Massachusetts Register from the Massachusetts Secretary of the Commonwealth. The Code is organized by executive cabinet agency.
The treasurer and receiver-general of Massachusetts is an elected constitutional officer in the executive branch of the U.S. state of Massachusetts.Originally appointed under authority of the English Crown pursuant to the Charter of the Massachusetts Bay Company, the office of treasurer and receiver-general (commonly called the "state treasurer") became an elective one in 1780.
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. It was passed by ballot measure , [ 1 ] specifically called an initiative petition within Massachusetts state law for any form of referendum voting, in 1980 and went into effect in 1982.
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The Massachusetts General Laws is a codification of many of the statutes of the Commonwealth of Massachusetts. The Commonwealth's laws are promulgated by an elected bicameral ("two-chamber") legislative body, the Massachusetts General Court. The resulting laws—both Session Laws and General Laws—together make up the statutory law of the ...