On January 25, 2017, Governor Charlie Baker released his proposals for the Commonwealth’s fiscal year 2018 budget. Among the proposed tax/revenue changes in the proposal are the following: Extending sales tax collection responsibilities to online retailers who do not have a physical location in Massachusetts but who have sales in Massachusetts that exceed $500,000 annually. … Continue Reading
On Friday, Governor Charlie Baker signed legislation, which is intended to close the budget deficit for the 2015 fiscal year. The full text of the legislation (House Bill 52) is available at the following link. In addition to some spending cuts aimed to cure the budget shortfall, the bill authorizes a corporate tax amnesty program, … Continue Reading
As part of the Fiscal Year 2015 Budget, the Commonwealth has established a tax amnesty program. The amnesty period will last from September 2 through October 31, 2014. If a taxpayer pays delinquent taxes during the amnesty period, the Department of Revenue will waive any associated penalties. The program will cover unpaid sales and use, … Continue Reading
Monday, the Massachusetts House adopted several tax related amendments to their version of the fiscal year 2015 (July 1, 2014- June 30, 2015) budget. If the House’s budget is adopted, one recently-adopted amendment, would create a two-month tax amnesty program for delinquent sales and use tax, pass-through entity withholding, meals tax, and other taxes. The … Continue Reading
