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HWM budget for FY22 does not reflect ongoing crisis
The House Ways and Means (HWM) budget proposal for Fiscal Year 2022 (FY 2022) goes further than the Governor’s proposal in many ways — such …
Making sense of the state budget, taxes, and the Governor’s FY22 proposal
MassBudget welcomed our new and returning Massachusetts legislators and their staff with an overview of the state budget and taxes, as well as a briefing on the Governor’s FY 2022 budget proposal. Re-watch the briefing here.
How will the state government pave our way to an equitable recovery? What to watch this FY 2022 budget season.
1. How will the state generate enough revenue to meet everyone’s needs? Before state lawmakers even begin creating a budget, they need to determine how …
FY 2021 GOVERNOR’S BUDGET: Summary – Lack of new revenues constrains Governor’s ability to make bold moves
Big changes are afoot for Massachusetts in the coming fiscal year. FY 2021 is the start of a seven-year overhaul of school funding and lawmakers have bold plans to modernize the state’s transportation system. But growth in the money to pay for these and other public services is expected to slow in the coming fiscal year and likely beyond.
Statement Against Decoupling from IRC Provisions Governing Business Interest Expense Deductibility (163(j)) and the Taxation of GILTI
In 2017, the federal government adopted the Tax Cuts and Job Act (TCJA), giving very large tax cuts to corporations. Nationwide, businesses had their annual …
Infographic: Celebrating Latinx Heritage Month
In honor of National Hispanic Heritage Month, also known as #LatinxHeritageMonth (running Sept. 15-Oct. 15), our infographics analyze the number of eligible Hispanic tax filers per county that could or already benefitting from the Earned Income Tax Credit (EITC).
Infographics: Labor Day on EITC and CITC
Infographics showing who would benefit from the expansion of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) here in Massachusetts.
