Taxes

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation and co-chair of the income tax subcommittee within a Senate Revenue Working Group charged with revamping the state’s tax code, said that members have discussed ways to ensure maximum adherence to existing laws.

The Massachusetts Taxpayers Foundation is among the groups that hopes the film tax credit is in its final seasons, believing the funding could be better spent on “other priorities.” “We are opposed to the film tax credit. We’ve had long-standing opposition,” said Eileen McAnneny, president of the business-backed group. “Most of the money goes to firms outside of Massachusetts.”

The MTF statement cited doubts over whether the estimated $2 billion in tax revenue would go towards the proposed transportation and education, or would even materialize at all. ″[T]he power to appropriate revenue in the state budget rests solely within the Legislature and cannot be guaranteed in the constitution,” according to the statement.