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State budget includes funding for Millbury emergency generator

State budget includes funding for Millbury emergency generator
millburysutton.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from millburysutton.com Daily Mail and Mail on Sunday newspapers.

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$5 Million for Local Projects Await Baker's Signature

$5 Million for Local Projects Await Baker’s Signature
State Senator Adam Hinds announced Friday that the Massachusetts House and Senate enacted the final FY22 state budget, which is now on the Governor’s desk. The $47.7 billion spending plan contains nearly $5 million for local projects throughout the Berkshire, Hampshire, Franklin & Hampden Senate District first secured by Hinds during the Senate budget debate in May, which includes $4 million for the Rural School Aid grant program that he established in 2018. 
As we remerge from the COVID-19 pandemic, a key aspect of our state’s economic recovery is to actively incentivize increased investments in our small towns. That begins with the legislature investing in our communities now so that they may see long-term economic growth. Every dollar invested in rural communities is another step toward addressing regional inequities and closing the gap between rural and urban areas in our Co ....

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Massachusetts lawmakers reach deal to extend film tax credit — forever

Massachusetts lawmakers reach deal to extend film tax credit — forever
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Senate agrees to spike three tax breaks

Tax credits for harbor maintenance and medical device companies user fees and a tax exemption for certain patent-related income no longer serve their desired purpose, according to Sen. Adam Hinds.
His Senate colleagues seemed to agree, voting Tuesday to adopt his budget amendment that would strike those three tax breaks from state law.
State Sen. Adam Hinds
THE BERKSHIRE EAGLE
Hinds, the Senate Revenue Committee chair, is among the members of a state Tax Expenditure Review Commission created under a 2018 law to analyze the different tax exemptions, deferrals, credits and deductions that have been adopted over the years with the intention to accomplish certain goals and behaviors. ....

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Progress On A Global Corporate Tax Rate?

Will there be a global deal on corporate taxation of multinationals later this year?
The Financial Times reports that Group of Seven countries is closing in on an agreement. France, Germany and Italy think the US offer of a15 percent global minimum tax could set the stage for an international deal by July. United Kingdom Prime Minister Boris Johnson also welcomes the US commitment to a tax on digital companies. Treasury Secretary Janet Yellen will meet with G-7 finance ministers in early June.
Less progress on a bipartisan infrastructure bill. White House aides say the president is willing to keep talking to Senate Republicans but one top GOP lawmaker, Roy Blunt, says his party may pull the plug on negotiations in “a week or 10 days.” Democrats increasingly are skeptical that Republicans will agree to any bipartisan bill. ....

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