House and Senate negotiators approved a tax package today which I am pleased to support.
Taxes
State Tax Limit
This post offers some background on the suddenly relevant limit on state tax revenues.
MA Film Tax Credit
Over the past 90 days, more constituents have contacted me about the film tax credit than about any other issue. The credit will sunset next year if we do not vote to extend it or make it permanent. Some kind of change is likely to be made as part of the state budget bill that is currently under debate.
Short-Term Rental Compromise Bill
The legislature has sent a compromise bill, H.4841, “An Act Regulating and Insuring Short-Term Rentals” to the governor’s desk. This bill would tax and regulate the short-term rental hosts and hosting platforms, such as AirBnB. The bill establishes a tax on short-term rentals, that is nearly the same as the tax on traditional accommodations like …
Short Term Rentals Conference Committee Report
The House and Senate have reached an agreement to regulate and tax short term rentals, like AirBnB.
Fair share income tax proposal off the ballot
Today the Massachusetts Supreme Judicial Court handed down a decision that blocks the proposed surtax on incomes over $1 million.