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Film tax credit headed for conference showdown

After initially encountering bipartisan opposition, the Senate Ways and Means Committee's plan to overhaul the state's film tax credit program is poised to sail through the chamber into a conference committee showdown with the House. ....

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Advocates Strive Once More To Make Mass. Film Tax Credit Permanent

According to advocates of the Massachusetts’ film tax credit, a series of reforms recommended by the state Senate as part of the 2022 budget will destroy the commonwealth’s film industry just as it gets back on track from the pandemic and stands on the cusp of significant growth.
The House unanimously passed its budget, which includes language to keep the current film tax credit and remove its 2023 expiration. (A detailed summary of the credit can be found on the Massachusetts Film Office website.) But for its budget, the Senate Ways and Means Committee outlined four changes to the program, which on average accounts for between $60 and $80 million per year: ....

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Massachusetts Senate to debate film tax credit

Chris Lisinski
State House News Service
The future of the state s controversial film tax credit, legalization of sports betting, and per-trip fees on ride-hailing services are among the issues senators targeted in the 923 amendments they filed to the Senate s annual state budget ahead of debate starting Tuesday, May 25.
Senate budget-writers, led by Ways and Means Committee Chair Michael Rodrigues, proposed pushing the sunset date for the credit from Jan. 1, 2023 to Jan. 1, 2027 while eliminating its transferability, capping eligible compensation, and increasing the amount of filming or spending in Massachusetts required to qualify.
Seven different amendments, filed by Democrats and Republicans, aim to alter or outright eliminate the Ways and Means Committee s film tax credit proposal. ....

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Senate Democrats roll out $47.6 billion budget proposal including child care tax credit for Massachusetts families

The budget bill teed up for debate later this month aims to repair economic damage wrought during the COVID-19 pandemic without factoring in the billions in federal aid set to flow to Massachusetts or the state’s recently robust tax receipts. ....

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Mass. Senate Leaders Unveil $47.6 billion Budget Plan

The Massachusetts state flag flies in front of the State House. (Jesse Costa/WBUR)
Massachusetts Senate Democrats on Tuesday unveiled a $47.6 billion spending plan for fiscal year 2022 that aims to repair economic damage from the pandemic.
The Senate Ways and Means Committee s budget calls for increasing state spending by $1.2 billion, or about 2.6% above the fiscal year that ends June 30. It includes spending $1.8 billion more than the version Governor Charlie Baker proposed in January and $64 million less than the spending bill the House approved last month.
Senate President Karen Spilka said the budget bill seeks to put us on a stable fiscal footing and build a more inclusive and resilient commonwealth for all of us. ....

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