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Council in the News

 

Massachusetts High Technology Council media coverage.

Mass. House passes $1.1 billion tax package it says will help families, businesses, and even the dead

Mass. House passes $1.1 billion tax package it says will help families, businesses, and even the dead

Facing little friction, the Massachusetts House on Thursday passed a bill overhauling the state’s tax code, a wide-ranging package that would boost tax breaks for renters, families, and others, and slash how much the state taxes profits on short-term investments. The bill — worth nearly $1.1 billion once it takes full effect — cleared the Democrat-dominated House, 150-3, after about two hours of debate and with just three Democrats voting against it.

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Healey made her pitch on taxes last month. Now it’s Speaker Mariano’s turn.

Healey made her pitch on taxes last month. Now it’s Speaker Mariano’s turn.

House Speaker Ronald Mariano on Thursday committed to bringing forward a tax reform package this spring, after expressing doubts in recent months that the state could afford one. After Governor Maura Healey last month filed a tax reform bill that could cost up to $1 billion a year, all eyes have been on Mariano to see what kind of reforms the House of Representatives would pursue, if any.

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Healey’s plans to cut business tax faces pushback

Healey’s plans to cut business tax faces pushback

Healey administration officials argue that a simplified capital gains structure, which “aligns” the short-term capital gains tax with long-term capital gains levy at 5%, would make Massachusetts less of an outlier on corporate taxation. The plan is facing pushback from both sides of the issue with progressive groups blasting the tax breaks and business groups calling for more tax relief.

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