Key Tax Provisions in the Massachusetts FY21 Budget | Sullivan & Worcester
To embed, copy and paste the code into your website or blog: On December 11, 2020, Massachusetts Governor Charlie Baker signed the Commonwealth’s FY21 budget into law. While the $45.9 billion budget does not raise taxes, it includes a number of significant tax provisions summarized below. Accelerated Sales Tax Remittance Effective April 1, 2021, businesses whose room occupancy, meals, or sales tax liabilities exceeded $150,000 in the prior calendar year and that file monthly returns must remi...
Source: jdsupra.com