Thursday, October 27, 2011

Chamber Testifies on H 2560

Tim Sweeney of the Chamber testified today in front of the Joint Committee on Revenue, supporting H 2560, an act to extend net operating losses to banks and utilities. As part of his testimony, Tim explained that this bill would give companies in these industries the same ability to utilize losses as is currently provided to business corporations in Massachusetts, and all industries in most U.S. states. The Chamber believes this bill will create a more stable and competitive tax climate and will level the playing field for these two key Massachusetts industries.

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