Friday, March 12, 2010

STATEMENT FROM THE GREATER BOSTON CHAMBER ON SENATE PRESIDENT’S BUSINESS TAX PROPOSALS

The Chamber supports Senate President Therese Murray’s business tax proposals, announced today, to make Massachusetts more competitive. Her proposals are proactive, targeted, and will promote job creation in the Commonwealth.

The Chamber agrees with the Senate President that the Massachusetts business tax climate needs to be improved. Extending the net operating loss carry-forward to 20 years and creating a 3% capital gains tax rate for Massachusetts-based startups will promote job growth and new business formation in all types of industries. The Senate President’s proposals for a new business formation tax credit and the exemption of business software downloads from the sales tax will also promote innovation.

The Chamber will continue to work with leaders in state government policies that promote job creation and make Massachusetts more competitive as a place to do business. More information about the Chamber’s “Renew Mass” platform to create 40,000 jobs and make Massachusetts a more attractive place to do business can be found at bostonchamber.com.

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