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Beacon Hill leaders reach accord on freezing unemployment insurance rates, exempting PPP taxes

Beacon Hill leaders reach accord on freezing unemployment insurance rates, exempting PPP taxes COVID-19 relief bill would also provide tax credits for low-income workers who get unemployment benefits By Jon Chesto Globe Staff,Updated March 8, 2021, 7:30 p.m. Email to a Friend Massachusetts House and Senate leaders have reached an agreement on a COVID-19 relief bill that would freeze unemployment insurance rates for employers, heading off a 60-percent increase in the next few weeks. The new legislative package, announced by Beacon Hill leaders on Monday, also would exempt thousands of small businesses from being taxed on any forgiven loans they received last year through the federal Paycheck Protection Program.

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