Closing Corporate Loopholes Increases Revenue

With the House passing the Budget Amendment to end the telecom property tax exemption the state was able to net an additional 77 million dollars in revenue.  With the help of representatives from both the Arlington and Medford delegations we were able to gain an additional $281,329 in revenue for Arlington and $317,679 for Medford. 

“Closing corporate tax loopholes is one of the many ways we are gaining new revenue without putting an undue burden on the people of the Commonwealth.” – Rep. Garballey

 

 

 

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