Budget, Tax and Finance
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.
- Budget and Finance
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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.
Massachusetts State Budget for Fiscal Year 2018
Join the AIM Tax Committee.
Use the AIMVoice messaging system to contact elected officials on key issues.
Tell us how a tax policy or proposal impacts your business.
Educate your employees about the repercussions of particular proposals.
Vice President, Government Affairs