Massachusetts H5537 authorizes Salem to raise its local excise tax to fund school and municipal facilities.
Massachusetts H5537 allows the city of Salem to increase its local excise tax on hotel and lodging occupancy to up to 8.75%. The additional revenue from this tax, up to 2.75%, will be deposited into a special fund for school and municipal facility projects. This fund will cover planning, design, acquisition, construction, and maintenance of these facilities. Any leftover funds at the end of the fiscal year will remain available for the same purposes. The bill ensures that Salem's eligibility for other grants or financial assistance is unaffected.
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