Beacon Hill Democrats reach deal 'in principle' on tax relief
Top Beacon Hill Democrats said Thursday they reached an agreement “in principle” on a tax relief bill, with votes likely occurring next week.
Stay updated with breaking news from Housing Development Incentive Program. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top Beacon Hill Democrats said Thursday they reached an agreement “in principle” on a tax relief bill, with votes likely occurring next week.
It’s been 20 years since lawmakers enacted major changes to the tax code, while other states have barreled ahead with cuts to income and corporate taxes.
All eyes on Beacon Hill now turn to tax relief talks after the Legislature sent Gov. Maura Healey a $56.2 billion budget on Monday.
Lawmakers appear ready to substantially boost spending on tax credits used to build market-rate housing in midsize and smaller cities.
The Legislature is primed to dramatically expand a tax credit program to spur more market-rate housing in the state’s midsize and smaller cities.