November 18, 2020
PUBLIC FINANCE > Budget > FY 2021

Massachusetts lawmakers scale back Baker’s plans to help small business

Matt Murphy ,

State House News Service / The Lowell Sun


While officials say the threshold will hit only the largest 6 percent of businesses in Massachusetts, the Massachusetts Taxpayers Foundation said the change will be “costly for them at a time many are reeling from the loss of business resulting from the pandemic.” The business-backed foundation is supporting a Sen. Joan Lovely amendment that would allow businesses to make an estimated prepayment by the 25th of each month rather than an actual payment before the books are closed for the month.