Good News for Self-Storage: Maine Sales Tax May Be Delayed

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A vast show of resident signatures in Maine may postpone a tax-reform bill that will add a 5 percent sales tax to self-storage and several other services in the state. On Friday, a group called Still Fed Up With Taxes turned in more than 60,000 signatures to the Secretary of State. That’s more than 5,000 in excess of what was needed to get the tax question added to the June 2010 ballot.
 
In June, the governor signed the bill that would reduce state income tax but levy a new tax on services and increase the meals and lodging tax. The law―parts of which were to take effect in October and others as of Jan. 1―will now be put on hold pending verification of the signatures by the state and possibly until a June public vote.
 
According to Maine Revenue Services, the delay will cost residents money, as most can expect to see their overall tax burden decrease, even with the additional sales tax. On the other hand, some say the sales tax is likely to be permanent, while the reduction in income tax is temporary.
 
Source: Kennebec Journal, Tax-overhaul foes turn in signatures

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