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July 02, 2008

MASSPIRG corporate tax fairness bill passes

Last night the legislature enacted one of MASSPIRG’s priority bills -- the Tax Fairness Bill -- which will close corporate tax loopholes, restoring integrity to the state tax code and leveling the playing field among all taxpayers.
 
The bill closes corporate tax loopholes, preventing large multi state companies from avoiding over $400 million a year in state taxes.  The legislature also rejected attempts by big businesses to include a new loophole for multi-national companies like Wal-Mart and McDonalds.
 
The bill now awaits Governor Patrick's signature (he will sign as he filed the initial bill soon after being elected). See masspirg.org for more info.

Posted by Ed Mierzwinski at July 2, 2008 11:53 AM


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