Tax Credits

Massachusetts’ many tax credits and attempts at bringing them to light.

Bidding war continues

Bidding war continues

The Bay State courts companies and their jobs with tax credits

Six companies looking for state aid in return for staying or expanding in Massachusetts were awarded nearly $27 million in tax credits today. Liberty Mutual Group, the state’s lone Fortune 100 company, received 84 percent of the credits in connection with a headquarters expansion in Boston. Liberty says it plans to spend close to $350(...)

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Economic development reform bill missing key transparency provisions

Economic development reform bill missing key transparency provisions

Senate President Therese Murray’s economic development bill scheduled for debate this Thursday includes a number of smart ideas.  Topping the list are proposals to make state economic development spending more effective by: Forming a performance management office to evaluate state economic development investments; Requiring new administrations to develop a statewide economic development strategy; and Establishing a(...)

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Decision time for film tax credit

Decision time for film tax credit

Beacon Hill lawmakers, who probably spent more than $300 million over the last four years trying to lure Hollywood filmmakers to Massachusetts, took a brief intermission today to consider whether the money was well spent. The setting was a hearing before the Legislature’s Revenue Committee, but the stage was much bigger. Gov. Deval Patrick and(...)

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Stop Bay State subsidies for Hollywood moguls

Stop Bay State subsidies for Hollywood moguls

It’s time to pull our heads out of the popcorn buckets. With 310,000 jobless residents, Massachusetts can’t afford to waste any more public resources on subsidies for Hollywood moguls. The state covers a quarter of the expenses for movies made in Massachusetts through a film tax credit. Last year the credit cost taxpayers $125 million.(...)

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Making an impact

every time our magazine comes out, I wonder what kind of impact it will have. I know I’m interested in the issues we’re covering, but will others find them compelling? We received a positive answer to that question recently with the release of Gov. Deval Patrick’s fiscal 2010 budget proposal. It contains two provisions that(...)

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Galvin gets cagier about rehabilitation tax credits

Secretary of State William Galvin’s sphinx-like administration of a $50 million-a-year tax credit program is causing confusion among developers and anger among some lawmakers. Galvin handed out nearly $16.4 million in historic rehabilitation tax credits in early August. The big winners were the Boston Red Sox, which received $1.5 million in tax credits for the(...)

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