Budget, Tax, & Finance

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State Budget Avoids New Broad-Based Taxes

Budget, Tax, & Finance Economy News | July 12, 2021

Both branches of the Massachusetts Legislature on Friday adopted a $48.1 billion budget proposal for the Fiscal Year 2022. Approval of the blueprint came a day after a conference committee resolved the differences between each chamber’s version of the budget. The budget achieved a critical AIM priority by funding essential services without increasing broad-based taxes. AIM was able to […]

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Governor Signs Extension of Some COVID Policy Provisions

Budget, Tax, & Finance Economy News | June 15, 2021

Governor Charlie Baker signed a bill this morning that extends several policy provisions adopted during the COVID-19 public health State of Emergency. The measure addresses provisions that expired at the end of the official State of Emergency order yesterday. Visit the AIM Web Site The legislation will allow publicly traded companies in Massachusetts to continue […]

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Income Surtax Would Be Grave Mistake for Massachusetts

Budget, Tax, & Finance Economy | June 4, 2021

The Massachusetts Legislature has scheduled a vote Wednesday to advance a massive income surtax on thousands of small and medium-sized businesses in the commonwealth. The tax is ill-considered and threatens to pull the plug on the nascent post-COVID economic recovery in the commonwealth. Lawmakers meeting in Constitutional Convention are expected to vote on a proposed […]

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Commerce Secretary: Infrastructure Plan Will Boost Competitiveness

Budget, Tax, & Finance Economy Energy News | May 14, 2021

The Biden Administration’s proposed $2 trillion American Jobs Plan will make historic investments in roads, bridges, broadband internet and other infrastructure that is key to US business competitiveness, Secretary of Commerce Gina M. Raimondo told the AIM Annual Meeting today. And while the administration is in “deep negotiations” with Congress over how to pay for […]

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State Updates Key Dates for Tax-Relief Programs

Budget, Tax, & Finance Economy News | May 6, 2021

The Massachusetts Department of Revenue (DOR) today announced changes to the administrative tax relief provided to certain businesses in response to the COVID-19 pandemic.   Monthly filing and payment remittance will resume starting June 30, 2021 for vendors and operators and continue going forward starting with returns and payments for May, 2021 tax collections.   The department is also extending the previously announced deferral of regular sales tax, meals tax, and room […]

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Commerce Secretary Raimondo to Keynote AIM Annual Meeting

Budget, Tax, & Finance Economy HR & Employment Law International News | April 27, 2021

US Commerce Secretary and former Rhode Island Governor Gina M. Raimondo will keynote the 2021 Associated Industries of Massachusetts annual meeting on May 14, the statewide business association announced this morning. The nation’s top economic policymaker is expected to discuss the Biden Administration’s efforts to stimulate the US economy and lay the groundwork for building […]

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Senate President Seeks to Move State ‘Back to Better’

Budget, Tax, & Finance Economy Energy Health Care Costs HR & Employment Law News | March 26, 2021

Massachusetts Senate President Karen Spilka is inviting the business community to work with state lawmakers to create a post-pandemic future that is “back to better rather than back to normal.” The Ashland Democrat told the AIM Executive Forum this morning that the Senate has established several committees that will seek to re-imagine Massachusetts in areas […]

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Regan: Priority for Massachusetts is Economic Recovery

Budget, Tax, & Finance Economy HR & Employment Law News | January 22, 2021

The unprecedented upheaval of 2020 will change the way we live and work for years to come, AIM President and Chief Executive Officer John Regan said Friday. Regan punctuated the annual State of Massachusetts Business Address with a call for state policymakers to support the recovery of an economy that remains fragile in the wake of […]

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Here’s a Summary of the Legislature’s 2019-2020 Session

Budget, Tax, & Finance Economy Energy Health Care Costs HR & Employment Law News | January 11, 2021

The Massachusetts Legislature ended an extended 2019-2020 session on January 5 having passed significant laws dealing with everything from economic development to transportation to health care. What will the new laws mean to employers? And how will they influence the ability of the commonwealth’s economy to recover in the wake of the COVID-19 pandemic? The […]

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Legislature Passes Economic Development, Transportation Bills

Budget, Tax, & Finance Economy News | January 6, 2021

The Massachusetts Legislature wrapped up its two-year session near sunrise this morning by passing both a $626 million economic development bill and a $16.5 billion transportation bond measure that, due to aggressive advocacy by AIM and others, did not raise corporate minimum taxes. The flurry of activity ended the COVID-dominated 2019-2020 session without any broad-based […]

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