Massachusetts excise tax attorney on sports operators
Massachusetts excise tax attorney on sports operators Massachusetts—Cigarette, Alcohol & Miscellaneous Tax Rates—Sports wagering tax enacted. The law imposes an excise tax on sports operators in Massachusetts at the rate of: (1) 15% of the operator’s adjusted gross sports wagering receipts from the operation of in-person sports wagering; (2) 20% of the operator’s adjusted gross […]
Massachusetts Sales Tax Audit Cannabis Industry
Massachusetts Sales Tax Audit and the Cannabis Industry Massachusetts enacts cannabis equity law. L. 2022, S3096, effective for tax years beginning 01/01/2022 , promotes equity in the cannabis industry by allowing a deduction for any amount paid or incurred during the taxable year in carrying on the trade or business of a marijuana establishment or […]