Building off of a recent analysis performed by the Institute on Taxation and Economic Policy (ITEP), MassBudget estimates that adopting a robust and well-enforced provision requiring multinational corporations to include 50 percent of GILTI (Global Intangible Low-Taxed Income) in their state tax calculations would generate over $400 million a year for the Commonwealth.| Mass. Budget and Policy Center
Moving operations or employees out of Massachusetts won’t reduce a corporation’s taxes on its profits by a single dollar, because the share of corporate profits taxed by the Commonwealth depends only on the share of a corporation's sales made to Massachusetts customers.| Mass. Budget and Policy Center
The state budget Governor Maura Healey signed on July 4th for Fiscal Year (FY) 2026 reflects both caution in the face of federal funding threats and the new possibilities for investment in education and transportation made viable by surging revenue from the Fair Share surtax.| Mass. Budget and Policy Center
Massachusetts' severe shortage of affordable housing is not insurmountable, but existing revenue sources are not sufficient to build and maintain it at scale. The state has the capacity to raise this revenue without expecting residents to forgo access to other things that they value.| Mass. Budget and Policy Center
The House Ways and Means Committee's FY 2026 budget proposal, released Wednesday, April 16th, allocates $61.4 billion in spending for the Commonwealth. This is MassBudget's first dive into the details.| Mass. Budget and Policy Center
The HWM FY 2026 budget proposal illustrates the importance of the Fair Share surtax which allows for continued and increased investment in essential areas of education and transportation. It also highlights the need for additional revenue to support our state's most vulnerable residents.| Mass. Budget and Policy Center