Taxes
Recent
ALL TAXES REPORTS
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 to the repeal of the sales tax exemption for aircraft/An Act to repeal the sales tax exemption for aircraft. The bills under your consideration would end the current sales tax subsidy for private jets and other aircrafts. We urge the Committee to look critically at why the Commonwealth would take special pains to subsidize private jets and helicopters.
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“Amid calls to use $8.6B Mass. rainy day fund for federal cuts, Healey isn’t budging” – NBC10 Boston
By John Moroney, November 13, 2025 Hundreds of thousand of people in Massachusetts could lose their health care benefits because of the deal to end the shutdown. Holding umbrellas outside the State House on Thursday, Raise Up Massachusetts urged state leaders to spend part of the $8.6 billion rainy day fund to make up for federal budget cuts. “It’s what it’s for. It’s for helping us when times are hard. It’s explicit, the law says, that it should be used when there is a loss of federal funds,” said Phineas Baxandall of The Massachusetts Budget Policy Center. Proponents say the reserves could ...
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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 of these changes will enter our state tax code automatically, costing the Commonwealth hundreds of millions of dollars in lost corporate tax revenue unless state lawmakers opt out of these provisions. Detaching the state’s tax code from specific provisions in the federal code is a common practice known as “decoupling.”
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“Tax-dodging multinational corporations should pay their fair share in Massachusetts” – Opinion, The Boston Globe
Op-Ed Piece By Viviana Abreu-Hernández, November 8, 2025 The One Big Beautiful Bill Act is the opposite of Robin Hood. While the folk hero took from the wealthy and gave to the poor, the federal government is doing the opposite: taking from the poor to give to the rich. Now there’s something Massachusetts can do: By making tax-dodging multinational corporations pay their fair share in Massachusetts, the state can help protect low-income and middle-income families from the harm new federal policies will cause. Under the OBBBA, the federal government will give the richest 1 percent of Americans more than a trillion ...
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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 an effective way to close the racial wealth gap and expand economic opportunity for all Massachusetts residents. We also support H.1158/S.737, An Act to promote economic mobility through matched savings, which would help families to improve their financial stability.
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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 in support of H.3073 and S.1957, An Act supporting families through enhanced tax credits and S.1975, An Act to reduce poverty by expanding the EITC and the child and family tax credit, which will reduce the financial burden on low-income families and make tax credits accessible to all income-eligible workers and families.
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“Will Massachusetts repeal its estate tax? It boils down to competitiveness vs. equity.” – Boston Globe
By Jon Chesto October 23, 2025 Local business leaders are hoping the Legislature finally ends up killing the estate tax in Massachusetts. Two years ago, the Greater Boston Chamber of Commerce teamed up with the Massachusetts Society of CPAs to lobby lawmakers on Beacon Hill about increasing the exemption for the estate tax — something that ended up happening in a tax bill that was passed later that year. Now, the two business groups are trying to get the estate tax removed entirely. Last week, Chamber chief executive Jim Rooney wrote to Governor Maura Healey, House Speaker Ron Mariano, and Senate President Karen ...
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“Under Trump, money is about to get tight — and Massachusetts isn’t ready” – Boston Globe
By Larry Edelman Globe Columnist, Updated October 17, 2025 “What began earlier this year with the Trump administration’s cuts to research funding has escalated into a broader fiscal squeeze of tax changes and federal spending reductions that could cost Massachusetts roughly $3.7 billion over three years, according to state estimates. The clouds are darkening over Beacon Hill at the same time that local businesses have slowed hiring in reaction to tariffs and what Susan M. Collins, president of the Federal Reserve Bank of Boston, this week called a “highly uncertain environment.” Yes, we’re in for some nasty weather — weaker economic growth, ...
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“Beacon Hill urged to ‘opt out’ of federal mandates” – Haverhill Gazette and others
By Christian M. Wade | Statehouse Reporter, Oct 16, 2025 “A left-leaning policy group is urging the Healey administration and state lawmakers to “opt out” of several new federal laws enacted as part of President Donald Trump’s tax cut and policy bill, to help offset the looming fiscal hit to the state’s coffers. The Massachusetts Budget and Policy Center says corporate tax changes tucked into Trump’s One Big Beautiful Bill Act “pose a significant threat” to the state budget and that Beacon Hill must “proactively protect its own fiscal stability” by opting out of five “costly and regressive corporate tax ...
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“Businesses, unions wage war on Beacon Hill over proposal to raise taxes on offshore corporate income” – Boston Globe
By Jon Chesto Globe Staff, Updated October 13, 2025 “Are state lawmakers feeling GILTI right now? The people who brought us the Fair Share Amendment — aka the millionaires tax — are counting on it. The union-backed Raise Up Massachusetts coalition packed the State House’s largest hearing room on Oct. 3 with around 200 supporters. Their goal: persuading the Legislature’s revenue committee to endorse a huge increase in the amount of offshore corporate income that’s subject to the state corporate tax. I’ve never seen a crowd like this show up for the truly arcane topic of taxing “global intangible low-tax ...
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