Gov. Maura Healey unveiled a sweeping $742 million tax relief proposal Monday that she said would provide savings for families, renters, seniors, farmers, commuters and others.
The measures, which Healey announced during a visit to a YMCA in Lynn, also include proposed changes to the tax code that she said will bring Massachusetts in line with other states, making it a more attractive place to live, work and do business.
The tax measures will be filed with lawmakers Wednesday along with Healey's first state budget proposal. Both would apply to the 2024 fiscal year, which begins July 1,
Healey said the tax measures were based in part on conversations she and Lt. Gov. Kim Driscoll had while traveling around the state.
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"I hear from people who are struggling to get by as the cost of living continues to skyrocket past them — the family watching their grocery bill grow each week, the young mom who wants to return to her dream job but can’t afford child care, the recent college graduate who can’t afford both his rent and student loan payments," Healey said.
Members of the Massachusetts Senate Republican Caucus sent a letter to Healey last week urging her to adopt tax relief aimed at seniors, renters, lower income families and others.
"We want Gov. Healey to know that we share the priority of enacting tax reforms," said Senate Minority Leader Bruce Tarr, including changes targeted at the "the high costs of housing, seniors trying to stay in their communities, the escalating price of dependent and child care support, and the substantial economic burdens faced by low-wage earners."