Tag Archives: Budget

Governor Baker Releases Proposed FY 2018 Budget Including Extending Sales Tax Collection to Online Retailers and Expanding Room Occupancy Tax to Short-Term Rentals

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

Massachusetts Enacts Corporate Tax Amnesty to Occur Before June 30, 2015

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

Tax Amnesty Program Becomes Law; Will Be Offered During Fall of 2014

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

Massachusetts House Budget Would Include Tax Amnesty Program For 2015 Fiscal Year

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
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