February 16, 2023
PUBLIC FINANCE > Taxes > Income Tax

Tax Policy Next Steps in 2023

Tax policy is at the forefront of the legislative and fiscal agenda in 2023 as the state implements the income surtax, reassesses a tax package that garnered bipartisan support last year, and welcomes a new gubernatorial administration that has made tax relief a major policy priority.

After increasing tax collections by more than $11 billion over two years and passing the largest tax increase in two decades, Massachusetts is in the position where tax relief is not just affordable, but important. Crafting a package that takes on key costs for historically marginalized communities and working families, while reducing incentives for taxpayer relocation is challenging, but doable.