Bill > H42

This bill aims to provide tax relief and incentives to promote affordability, competitiveness, and equity in Massachusetts. The key provisions include: - Establishing a live theater tax credit program to support the development and growth of pre-Broadway, pre-Off Broadway, national tour launches, and regional professional theater productions. - Increasing various personal income tax deductions and exemptions, such as for commuter costs, student loan assistance, and dependent care. - Expanding the Brownfields Redevelopment Tax Credit program and increasing the annual cap on housing development tax credits. - Repealing several tax incentive programs related to life sciences and digital healthcare companies. - Adjusting the estate tax exemption and credit to provide relief for lower-value estates. - Increasing the alcohol tax on certain beverages. The goal of the bill is to use targeted tax policies to make Massachusetts more affordable for residents, support key industries like live theater, and promote economic development and growth in the state.

Budget and Finance

https://malegislature.gov/Bills/193/H42