Massachusetts H4547 allows the City of Salem to impose a $2.00 excise tax per registered parking space transferred by operators.

Massachusetts H4547 authorizes the City of Salem to impose an excise tax of $2.00 per registered parking space transferred by operators. The tax applies to parking spaces used in connection with residential occupancy. The tax rate will increase by twenty-five cents each January 1, starting January 1, 2027. All collected excise taxes will be deposited into the Transportation Enhancement Fund for alternative transportation funding within the City of Salem.

Massachusetts H4547 allows the City of Salem to impose a $2.00 excise tax per registered parking space transferred by operators.

Massachusetts H4547 authorizes the City of Salem to impose an excise tax of $2.00 per registered parking space transferred by operators. The tax applies to parking spaces used in connection with residential occupancy. The tax rate will increase by twenty-five cents each January 1, starting January 1, 2027. All collected excise taxes will be deposited into the Transportation Enhancement Fund for alternative transportation funding within the City of Salem.