Category: Taxes

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One year into the Affordable Homes Act: What Has It Accomplished and What Else Can Be Done?

The Affordable Homes Act (AHA), a five-year bond bill signed in August 2024, authorized a wide range of capital housing investments through bond spending. Bond ...
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Testimony in support of An Act relative to the repeal of the sales tax exemption for aircraft and An Act to repeal the sales tax exemption for aircraft

Thank you for the opportunity to submit written testimony on behalf of the Massachusetts Budget andPolicy Center (MassBudget) in support of H.3123/S.1923: An Act relative ...
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Protect Massachusetts’s Fiscal Stability: Which OB3 Tax Changes to Opt Out of and Why

Unfortunately, changes to the federal corporate tax code included in the “One Big Beautiful Bill Act” (OB3) will make our state fiscal situation worse. Many ...
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Testimony in support of An Act establishing a Massachusetts Baby Bonds Program

Thank you for the opportunity to submit written testimony in support of H.48, An Act Establishing a Massachusetts Baby Bonds Program. Baby Bonds programs are ...
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Testimony in support of An Act supporting families through enhanced tax credits, and An Act to reduce poverty by expanding the EITC and the child and family tax credit

MassBudget urges the Joint Committee on Revenue to report H.3073 and S.1957 and S.1975 out favorably. Thank you for the opportunity to submit written testimony ...
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MassBudget calls for Massachusetts to opt out of the five most costly corporate tax changes in the federal OBBBA

As Massachusetts policymakers seek to build a more equitable and resilient Commonwealth, the recent corporate tax changes in the federal "One Big Beautiful Bill" Act ...
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Testimony in support of An Act combatting offshore tax avoidance

MassBudget urges the Joint Committee on Revenue to report H.3110 and S.2033 out favorably. This legislation would allow Massachusetts to collect corporate income tax revenue ...
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Show Me the Money: Cannabis Revenue, Spending, and Equity in Massachusetts

Key Takeaways Since the legalization of recreational, adult-use cannabis in 2016, cannabis sales in Massachusetts have generated nearly $2 billion in state and local revenue, ...
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Payouts and Risks in Massachusetts’s Gambling Revenue

Key Takeaways The Lottery, casinos, and sports betting together generate $1.5 billion in annual taxes, the state’s fourth largest source of revenue. The Lottery is ...
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Due to Single Sales Factor Apportionment, Multinational Corporations Cannot Dodge State Taxes by Reducing Workforce or Capital Investments in Massachusetts

Moving operations or employees out of Massachusetts won’t reduce a corporation’s taxes on its profits by a single dollar, because the share of corporate profits ...
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