July 07, 2023

MTF Sees Room for Agreement on Dueling Tax Relief Proposals

Chris Lisinski ,

State House News Service / Banker & Tradesman

“House and Senate conferees have the opportunity to negotiate a compromise tax relief bill that adheres to these principles, includes all of the proposals put forward by both branches, and remains within the $600 million set aside for FY 2024,” MTF wrote in its brief published Thursday. “In developing that compromise, it is critical that the bill retain the House’s greater focus on cost reduction and competitiveness, while also incorporating Senate proposals to expand successful housing tax credits. In addition, the bill should retain proposals to assess options to expand the (pass-through entity) tax and study the timing of tax credit payment to maximize taxpayer benefits.”