On behalf of the Massachusetts Taxpayers Foundation, I am writing in support of House Bill 3639, An Act to clarify the net-worth measure of the corporate excise.

The MTF is pleased to report that we were successful in preserving the FAS 109 tax deduction for over 120 companies based in Massachusetts while increasing the EITC to 23 percent thanks to the efforts of Governor Baker, Senate President Rosenberg and Speaker DeLeo.

A letter from the Massachusetts Taxpayers Foundation, Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce and the Massachusetts Business Roundtable urging the Governor to veto the elimination of the FAS 109 Deduction.

The Commonwealth of Massachusetts boasts a robust economy with a well-paid and highly educated workforce, and maintaining both is critical to the long-term health and stability of our state. To do this, Massachusetts must ensure not only that it fosters the creation of new businesses, but also that…

Foundation President Eileen McAnneny testified in support of House Bill 62, An Act to Support Working Families, and in particular the proposal to link expanding the state’s earned income tax credit with repeal of the state’s film tax credit. This proposal will replace a program that funnels…

The Foundation is working with other business groups to address issues with the net worth measure of the state’s corporate excise. This memo provides a detailed explanation of the issues and solutions.

Representing the Foundation on the Tax Fairness Commission, President Michael J. Widmer voted against the proposal to implement a graduated income tax in Massachusetts.

The Taxpayers Foundation opposes House bills 7 and 2834, which would provide the state auditor access to confidential personal and corporate income tax returns.

The Foundation’s comprehensive 50-state analysis shows that the recently enacted software services tax is the most burdensome in the nation. The Excel file allows users to compare Massachusetts to 49 other states on the tax treatment of 11 different categories of computer and software services.