Word: reductionisms
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Dates: during 1970-1979
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James A. True, an official with the Association of Independent Colleges and Universities in Massachusetts (AICUP), said yesterday he expected the across the board reduction to be passed, but he is not optimistic about the fate of another bill exempting universities from the meal tax entirely.
Financial pressures on the state are causing some opposition to the reduction on all meal taxes. "We're still looking for money rather than giving it back," one spokesman for the House Ways and Means Committee said yesterday.
The Joint Legislative Committee on Taxation considered 20 separate meal tax proposals Monday, most calling for a 3 per cent reduction with various other changes in current tax law.
The Massachusetts Restaurant Association, which is also supporting the 3 per cent reduction, said that the passage of the bill would encourage more persons to dine out and the increased restaurant revenue would offset the lower tax rate.
Under current board rates at Harvard, the 3 per cent reduction would amount to a $37.50 annual savings.