- Governor Healey proposed a USD 62 billion budget for FY2026 focusing on transportation and education.
- The proposal includes removing the sales tax exemption on candy, potentially adding USD 25 million in revenue.
- If approved, candy will be subject to a 6.25% sales tax, similar to other non-essential foods.
- Candies sold through vending machines valued at USD 3.50 or more will also be taxed.
- The Governor views this as closing a loophole and a modest revenue source.
- Massachusetts is currently one of 11 states exempting candy from sales tax.
- Removing the exemption would align Massachusetts with most states taxing candy.
- The impact on the overall budget is expected to be minimal.
Source: vatabout.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
