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Proposal would let towns tack 1% municipal-services tax onto existing local-option levies; $3M seed proposed for town-highway grants
Summary
Legislative counsel presented draft language allowing municipalities that already levy local option taxes to impose an additional 1% municipal services tax; 50% of non-aviation receipts would return to the collecting town, 40% would seed a new municipal transportation special fund, and a one-time $3 million transfer from the pilot special fund was proposed to start grants for town highways.
Legislative counsel outlined a draft allowing municipalities that currently assess one or more local option taxes to impose an additional 1% local option municipal services tax on one or more of those taxes, with the goal of creating a steady revenue stream for town highways and related municipal transportation needs.
According to the draft read to the committee, 50% of the non-aviation portion of receipts from that additional tax would be returned to the municipality where collected and available for municipal services (not education). Forty percent would be deposited into a new Local Option Municipal Transportation Special Fund managed by the Agency of…
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