Council in the News
Massachusetts High Technology Council media coverage.
Is Massachusetts losing its competitive edge? Business groups say they’re worried.
Steep housing prices might be the biggest threat perceived by the business community. While companies aren’t leaving in droves, many are choosing to expand elsewhere, while the widespread acceptance of remote work means many office employers can hire from just about anywhere in the country.
Ready to sue to protect tax cap giveback
Legislators seemingly forgot the law, known as Chapter 62F, existed, and were caught flat footed when Gov. Charlie Baker announced that it would likely be triggered this year and deliver nearly $3 billion (roughly 7 percent of all income tax collections in 2021) in tax relief back to the people who actually paid the taxes.
‘Free’ getting another test during Orange Line shutdown
Hoping to cram five years of weekend and night work into a single month, the MBTA shut down the entire Orange Line on Friday and sought to minimize the inconvenience for riders by deploying a fleet of free shuttle buses. So far, the replacement system appears to be holding together.
Bump dismisses claim of tax cap pressure on her office
Bump claims that her office is handling the tax cap the way it has every other year. She said the Legislature isn’t pressuring her office, and that they will calculate how much money should go back to taxpayers in September.
Legal teams ready to defend Massachusetts tax relief law
Should Beacon Hill officials try to duck the tax relief requirements of Chapter 62F over the next month, at least two groups of taxpayers, newly including one supported by major right-leaning groups like Citizens for Limited Taxation, have organized themselves to be prepared to ask the state’s court system to step in.
Six Years After Her Passing, One Woman’s Life’s Work Continues To Save Taxpayers Billions
Massachusetts taxpayers are poised to get back billions of dollars when they do their taxes next year due to chapter 62F, which stipulates that state revenue collections in excess of the rate of wage and salary growth must be refunded to taxpayers.
Opinion/Stead: Somewhere in heaven Anderson – who fought for limited taxation – is laughing
A provision of a 1986 state tax law, Chapter 62-F, is being called “obscure” in order to set the stage to possibly refuse to obey the existing law. CLT sponsored the act along with the Massachusetts High Technology Council. The clause in the law states simply that when tax revenue goes beyond a threshold, the tax money must be rebated to the taxpayers who provided it.
Baker changing rules on tax cap giveback
While lawmakers scramble to put together a package of tax breaks in the final days of the legislative session, a little-known law from the mid-1980s is about to alter the Beacon Hill debate over tax relief. Record tax revenues in fiscal 2021 are expected to trigger the state’s tax cap for the first time in more than 30 years, setting the stage for Massachusetts taxpayers to claim sizable credits on their 2022 returns.
In a surprise, Baker says taxpayers could receive ‘north of $2.5 billion’ in tax relief under little-known law
With state coffers overflowing, Massachusetts taxpayers could receive nearly $3 billion in tax relief under an obscure 36-year-old law, Governor Charlie Baker’s administration said Thursday, surprising lawmakers just as separate tax relief talks seemed to be reaching a crescendo.
Baker Sees 1986 Law Triggering $2.5 Billion in Rebates
Beacon Hill Democrats may have to take their long-discussed $1B tax reform and relief plan back to the drawing board now that a 1980s law largely relegated to the depths of Beacon Hill memories will be triggered by the FY2022 surplus, resulting in nearly $3 billion being returned to taxpayers.
Thank you 1986: Rebate checks may be coming, with billions in 2022 excess tax takings expected
The state took in so much tax revenue last year taxpayers may get some of it back under a fairly unused 30-year-old law, the governor said. “We think the number is probably north of $2.5 billion that would be tax rebates to the people of Massachusetts,” Gov. Charlie Baker said Thursday.
Long-forgotten Tax Cap About to be Triggered
While lawmakers scramble to put together a package of tax breaks in the final days of the legislative session, a little-known law from the mid-1980s is about to alter the Beacon Hill debate over tax relief. Record tax revenues in fiscal 2021 are expected to trigger the state’s tax cap for the first time in more than 30 years, setting the stage for Massachusetts taxpayers to claim sizable credits on their 2022 returns.
Business leaders react to Raytheon’s HQ move out of Mass.
June 7, 2022Boston Business Journal By: Lucia Maffei and Greg Ryan Some business leaders around the state told the Business Journal that they don't expect a big practical impact from Raytheon...
Raytheon Relocating Headquarters from Waltham to Just Outside DC
Raytheon Technologies is moving its global headquarters from Waltham to Arlington, Va., the company announced Tuesday, ending a century in which it called Massachusetts home and became one of the state’s premier corporate names.
Raytheon Moving Headquarters To Virginia
June 7, 2022State House News ServiceBy: Michael P. Norton JUNE 7, 2022.....In a blow to Massachusetts, Waltham-based Raytheon Technologies is moving its global headquarters to Arlington,...
Monster, Massachusetts High Technology Council, and Home Base—a Red Sox Foundation and Massachusetts General Hospital Program—Launch New Veteran-Hiring Partnership
WESTON, Mass., May 25, 2022—Monster Worldwide is proud to announce a partnership with Massachusetts High Technology Council (MHTC) and Home Base in conjunction with the Red Sox Foundation to educate...
On ‘millionaires tax’ ballot question, Mass. high court weighs just how well voters speak legalese
On ‘millionaires tax’ ballot question, voters this fall will decide whether to raise taxes on the state’s wealthiest residents.
Mass. High court judges hear ballot question arguments
May 3, 2022Boston HeraldBy: Matthew Medsger It’s hard to say how the state’s highest court took arguments from both sides of issues due to be decided by voters in the fall. “The justices did...
State high court weighs wording of millionaires’ tax question
May 4, 2022Gloucester Daily TimesBy: Christian M. Wade BOSTON — Opponents of a proposed millionaires’ tax urged the state’s highest court on Wednesday to set the wording of the referendum...
State’s Supreme Judicial Court to hear arguments on millionaire’s tax
May 3, 2022Boston HeraldBy: Matthew Medsger The state’s Supreme Judicial Court will hear oral arguments Wednesday concerning the wording of a ballot question which would ask voters if they...
Business groups urge high court to clarify ‘millionaires tax’
May 2, 2022The Eagle TribuneBy: Christian M. Wade | Statehouse News Reporter BOSTON — Business groups are urging the state’s highest court to set the wording of a proposed “millionaires tax”...