Budgets, Taxes 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.
- Tax Issues
- Budget and Fiscal Issues
- Get Involved
Transportation Tax Law
The Massachusetts Legislature has approved, and Governor Deval Patrick has signed, a law raising more than $500 million for transportation by increasing taxes on gasline and cigarettes, and imposing a sales and use tax on computer ans software services. The law will generate $110 million by increasing the gasoline tax 3 cents per gallon and then indexing the levy to inflation.
- DOR Responds to AIM Letter
- AIM Seeks Clarification on Software Tax from Deptartment of Revenue
- AIM Urges House to Approve Murray/DeLeo Plan
- PriceWaterhouse Coopers Analysis of Business Taxes in Murray/DeLeo Plan
- Ernst & Young Analysis of Tax on Computer Services
AIM strongly opposes An Act Relative to Tax Expenditure Information, which would provide the state auditor with unfettered access to corporate information, including but not limited to tax returns, under the guise of reviewing tax expenditures.
An Act Updating the Research and Development Tax Credit
Simplifies the R&D tax credit and encourages capital investment by aligning the state and federal provision for "base amount" and limiting the credit to 5 percent of the fixed base percentage.
An Act Improving the Tax Administrative Laws of the Commonwealth
Reforms current administrative procedures in favor of more efficient collections of taxes and settlements.
An Act Relative to Equalizing the Department of Revenue Interest Rates
Equalizes 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.
Massachusetts State Budget for Fiscal Year 2014
AIM supports a balanced budget without new taxes and fees that put a damper on economic development and job growth.
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.
Attend AIM’s Legislative Day on the Hill in June.
Vice President, Government Affairs