• tax relief 22 hours ago

    ‘Essential' Mass. tax relief and reform awaits Healey's signature

    After nearly two years of fits and starts, a long-awaited Massachusetts tax relief and reform package made it to the governor’s desk Thursday after senators overwhelmingly approved the legislative agreement. The roughly $1 billion tax bill is among the most significant pieces of legislation to reach Gov. Maura Healey since she took office in January. The Arlington Democrat has been…

  • tax relief September 28, 2023 1:39 pm

    Massachusetts tax accord clears senate, headed to governor

    Senators overwhelmingly approved the long-awaited tax relief and reform agreement Thursday, putting the bill a handful of usually procedural votes away from Gov. Maura Healey’s desk. The Senate accepted the conference report on a 38-1 vote with Sen. Jamie Eldridge of Marlborough casting the lone vote of dissent. President Karen Spilka of Ashland voted “yes,” which can sometimes be...

  • tax relief September 27, 2023 4:49 pm

    Mass. tax relief package sails through House 155-1

    Representatives nearly unanimously embraced a compromise tax relief bill Wednesday, one day after the final contours of the long-awaited deal became clear. The House voted 155-1 to accept a conference committee report that would roll out a bevy of tax breaks, credits and reforms worth $561 million this year and more than $1 billion by fiscal year 2027. Rep. Mike…

  • Massachusetts June 13, 2023 10:24 am

    Senate president declares plans for Aug. 12-13 Mass. sales tax holiday

    Lawmakers intend to schedule this year’s mandatory sales tax holiday for the weekend of Aug. 12-13, Senate President Karen Spilka said Monday. With a Thursday deadline to set the dates approaching, Spilka told reporters the Legislature intends to select the second weekend in August to suspend the state’s 6.25 percent sales tax on most retail sales of less than $2,500….

  • tax relief June 8, 2023 6:56 pm

    Estate tax, housing credits headline $590M Mass. Senate tax relief

    Massachusetts Senate Democrats on Thursday advanced a long-awaited tax relief package, and both branches and the governor have now all rolled out proposals to cut costs for Massachusetts residents and make the state more competitive. But the Senate Ways and Means Committee’s plan to bring relief to taxpayers is close to half the long-term size of the measure their...

  • tax relief May 9, 2023 4:08 pm

    Mass. Senate Includes Tax Relief Reserve in $55.8B Budget

    Massachusetts Senate Democrats rolled out a $55.8 billion state budget bill Tuesday, leaving room for about $575 million in future investments in tax relief, which the Senate budget chief said will be hitting the chamber floor for debate soon. The Senate Ways and Means Committee’s fiscal 2024 spending plan weighs in at about $3.4 billion, or 6.5%, larger than the…

  • politics August 9, 2022 7:18 pm

    Mass. Tax Relief Talks Far Apart 10 Days Into Summer Recess

    Though talks around economic development and tax relief have continued since formal sessions ended early on Aug. 1, the House and Senate remain far apart and, according to Senate President Karen Spilka, House leaders last weekend rejected the latest proposals. Spilka told the News Service that she thinks it is imperative that the Legislature finish its work reconciling differing versions…

  • tax relief July 31, 2022 1:03 pm

    ‘Everything Is Still Up in the Air': What Mass. Lawmakers Are Scrambling to Decide

    The day of decisions has arrived. As Massachusetts’ senators and representatives prepare Sunday for the final formal session of the year as allowed by their joint rules, all eyes are on the five conference committees still negotiating significant policy topics that the House and Senate each have passed legislation to address: economic development, cannabis industry reforms, sports betting, mental health…

  • tax relief July 30, 2022 7:15 am

    Baker's $3B Tax Relief Plan Could Face Last Minute Pushback From Lawmakers

    With Democrats heading into the weekend scrambling for a path forward on tax relief, House Speaker Ron Mariano said Friday that he is open to changing, delaying or spiking a 1986 voter law that appears poised to return nearly $3 billion to taxpayers. This week’s revelation that Massachusetts is on track to trigger a decades-old provision requiring excess tax collections…

  • tax relief July 28, 2022 5:04 pm

    Gov. Baker Sees 1986 Law Triggering $2.5 Billion in Tax Rebates

    Anticipating that a 1980s law that’s largely been relegated to the depths of Beacon Hill memories will be triggered by the fiscal year 2022 surplus, the Baker administration is preparing to make “north of $2.5 billion” in tax rebates available to Massachusetts residents later this year. With a historic surplus expected from the budget year that ended June 30, Democrats…

  • Massachusetts July 12, 2022 6:44 am

    Mass. Lawmakers Unveil $1B in Tax Relief

    Massachusetts lawmakers are debating this week whether to offer tax relief and rebates to residents amid the highest inflation rates seen in decades.

  • Massachusetts July 12, 2022 6:57 am

    Mass. Lawmakers Debate Tax Relief, Rebates

    Massachusetts lawmakers are debating this week whether to offer tax relief and rebates to residents amid the highest inflation rates seen in decades. A $3.8 billion dollar spending bill was given initial approval by the Massachusetts House of Representatives on Monday, which calls for roughly one $1 billion in combined tax relief. About half of that relief would come in…

  • tax relief July 11, 2022 10:27 am

    Democratic Lawmakers Expand $500M Mass. Tax Relief Plans

    Democratic leaders of the Massachusetts House and Senate have agreed to a broad framework for up to $500 million in additional tax relief that would see credits for low-income earners, parents, renters and seniors expanded, and the “archaic elements” of the state’s estate tax reformed. The deal comes on the heels of last week’s announcement from House Speaker Ron...

  • Massachusetts July 8, 2022 7:19 am

    Proposed Rebates Would Offer Relief to 2 Million Mass. Residents

    House Democrats estimate their new tax rebate plan would help more than 2 million Massachusetts residents, and the half billion-dollar program might only represent an opening salvo of tax relief proposals. The program legislative leaders placed on the table Thursday would offer one-time, $250 payments to middle-income taxpayers across the state, a move lawmakers pitched as a more targeted way…

  • Massachusetts June 13, 2022 1:03 pm

    Massachusetts Sales Tax Holiday Set for Aug. 13-14

    The Legislature on Monday set the dates of this year’s sales tax holiday weekend, settling on Aug. 13 and 14, when Massachusetts shoppers will get a break from state sales tax on most retail items less than $2,500. The annual sales-tax-free weekend was made permanent by a 2018 law, which calls on the Legislature to set the dates by June…

  • Massachusetts April 25, 2022 7:37 pm

    Mass. House Rejects Series Of Tax Relief Proposals

    House Democrats kicked off debate Monday on a nearly $50 billion state budget bill by rejecting Republican-led efforts to weave tax relief into the annual spending plan. Massachusetts raked in more than $5 billion in surplus tax revenues last fiscal year and is running at least $1.5 billion ahead of the current year’s projections, performance that — coupled with more…

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