Budget, Tax and Finance

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Associated Industries of Massachusetts supports tax and fiscal policies that encourage growth, investment, jobs and opportunity. Only economic growth creates the sustainable financial foundation government requires to provide public safety, education, road repair and other primary services.

 

  • Taxes
  • Budget and Finance
  • Get Involved

 

AIM Supports

Improve the tax administrative laws of the commonwealth

 

Reform current Department of Revenue administrative procedures for auditing corporations, encourage tax settlements with a broad tax amnesty program and restore quarterly payment of taxes.

 

Equalize the Department of Revenue interest rates

 

Equalize the current short-term interest rate on money owed by a taxpayer to the Massachusetts Department of Revenue (DOR)  from a high of 4 percent compounded daily to a rate of 2 percent simple interest, which is the current rate paid by the DOR to a taxpayer when the taxpayer is due a refund or has overpaid.

 

Clarify the Net-Worth Calculation

 

Clarify current law on how the Department of Revenue determines debt or equity when auditing corporation's financial transactions to determine the net-worth tax of a corporation.

 

Tax Credits for Manufacturing Skills Training

 

Provide a 50 percent tax credit for eligible expenses for employees achieve successful certification through the Massachusetts Manufacturing Advancement Center Workforce Innovation Collaborative’ s (MACWIC) Applied Manufacturing Technology Pathway Certification Program.  Employees must be full time and employed in the commonwealth.

 

Eliminate Contengent Fee Auditors

 

Prevent any state agency from hiring contingent fee auditors for any purpose related to Massachusetts taxation.  

Become an AIM Ambassador

 

Join the AIM Tax Committee.

 

Attend AIM briefings and Webinars.

 

Use the AIMVoice messaging system to contact elected officials on key issues.

 

Tell us how a tax policy or proposal impacts your business.

 

Host a company tour for elected officials.

 

Educate your employees about the repercussions of particular proposals.

 

Get Active on Social Media Subscribe to the AIM blog and visit us on Facebook, LinkedIn and Twitter (@aimbusinessnews).

 

AIM Expert:
Brad MacDougall
Vice President, Government Affairs
bmacdougall@aimnet.org

Budget, Tax and Finance
Massachusetts state budget, corporate tax, finance, taxes
The latest information from AIM on Massachusetts tax policy including corporate tax policy and administrative tax policy.