"HOUSE LEADERS rolled out a $523.5 million package of permanent tax breaks on Monday that, when combined with $510 million in one-time payments to middle-income residents proposed last week, would yield more than $1 billion in tax relief for Massachusetts residents.
House and Senate officials released a statement saying they were in agreement on the general framework of the permanent tax relief package but not necessarily on the specifics of each tax break. The permanent tax break package, which would take effect in January, echoes many of the same themes originally proposed in a $700 million tax relief package proposed by Gov. Charlie Baker in his January budget proposal, although some of the tax breaks are smaller and Baker’s call for a sharp reduction in the short-term capital gains tax rate is not included."
Continue reading reading the CommonWealth Magazine reporting -> https://commonwealthmagazine.org/state-government/house-proposes-1b-in-short-and-long-term-tax-relief/
Boston Globe coverage (subscription may be required) -> https://www.bostonglobe.com/2022/07/11/metro/mass-lawmakers-promise-wide-ranging-500m-tax-relief-plan-offer-broad-strokes-few-details/
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| MA "House proposes $1b in short and long-term tax relief" |
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