Monday, Gov. Maura Healey unveiled a $742 million new tax relief package, including a $600 child tax credit that would benefit more than 700,000 taxpayers across Massachusetts.
$600 Child Tax Credit In Massachusetts Unveiled By Gov. Healey From New Tax Relief Package (PHOTO: Forbes)
Child Tax Credit In Massachusetts
Gov. Healey pledged on the campaign trail to make tax relief her day-one priority, yet for months has stayed tightlipped on specific details also plans to deliver support to seniors, renters, and other vulnerable Bay Staters while pursuing other permanent tax code modifications that could bolster the commonwealth’s competitive edge.
Two days before her fiscal 2024 budget proposal is due, Healey’s tax package, revealed, incorporates key measures championed by former Gov. Charlie Baker and passed by the Massachusetts Legislature last year in response to skyrocketing inflation. Furthermore, the elected officials decided to scrap that sweeping relief last July as they grappled with affordability problems prompted by Chapter 62F, a tax law that required the commonwealth to return nearly $3 billion in extra revenues to taxpayers.
Governor Healey’s Other Plans
