Top Massachusetts House and Senate Democrats say they have reached an agreement on a tax relief bill and plan to send it to Gov. Maura Healey next week as an opening act for their fall session. The accord, announced without details in a two-sentence statement Thursday evening, could bring to end a debate that began nearly two years ago in…
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In July, legislators broke for a summer recess without a deal on tax relief, instead allotting $581 million to cover tax relief impacts in fiscal year 2024. The final package's value could exceed $1 billion in the out years, or come in lower depending on which relief measures are swept into the consensus bill.
This year, the House and Senate revisited their targeted tax relief bills, with Healey picking up the push from former Gov. Charlie Baker. "In an effort to provide meaningful financial relief to the Commonwealth's residents and businesses, we are thrilled to announce that an agreement has been reached in principle that reconciles the differences between the House and Senate tax relief packages. We look forward to filing and taking up the conference report next week, which responsibly implements our shared goal of making Massachusetts more affordable, equitable, and competitive," the statement said.
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