By Chris Helms
Massachusetts' new tax on software services is
the highest in the nation, according to a study to be released Monday by
The Massachusetts Taxpayers Foundation, the Boston Herald
The foundation opposes the levy as a job-killing innovation-stifler. The taxpayers' group found that the extension of the state's 6.25 percent sale tax to cover software services creates more of a burden than similar taxes in four other states. Florida, which has no such tax, has already started to woo Bay State companies.
Revenues from the tax would go toward rebuilding Massachusetts' crumbling transportation network. Republican lawmakers plan to launch a repeal effort on Monday,the Herald reports.
If you're looking for a good FAQ on the new tax, see this summary by BostonInno.
For more, including which states have lower software-services taxes, visit the Boston Herald.