Family caregiver tax credit among ideas in play

BOSTON (SHNS) — So far, only Governor Charlie Baker has proposed a state budget for fiscal year 2023, but at least one senator expects the spending plans rolled out by the House and the Senate over the next two months are changing the state tax. laws.

Speaking at AARP Massachusetts Virtual Lobby Day on Tuesday, Sen. Jason Lewis said he was optimistic that a tax credit to support unpaid family caregivers could become a reality this session and said he was optimistic. hints at the possibility of it being included in the fiscal year 2023 budget, which is expected to be finalized at the end of June. “I think we’re going to take some of the fiscal policy back into the state budget this year.

The Governor has made proposals that I know the House and Senate are very interested in, and I will definitely push for this proposal to be part of any fiscal package that we include in the FY23 budget,” said Lewis, the said the assistant vice chairman of the Senate Ways and Means Committee responsible for drafting the budget. On the heels of a massive surplus last year and better-than-expected tax collections so far this budget year, Baker has proposed a nearly $700 million tax relief package aimed at helping parents. , low-income workers and the elderly.

Legislative leaders extended the deadline for a decision on the governor’s $700 million proposal to May 4, after a House budget debate where tax policies could be at stake, but leaders from both branches have expressed interest in approving some form of tax relief this session.

The subject has taken on new importance in the face of rising gas prices and inflation. Senate Speaker Karen Spilka said last month that she was “speaking with members to find out where they stand with alternatives and relief ideas,” suggesting that some type of relief could be included in the package. climate bill that the Senate is expected to pass. month. House Speaker Ron Mariano said he’s had discussions about reforming the state’s estate tax and associating it with “something else that would benefit tenants.”

Baker’s office pointed to Mariano’s comments as a sign that the governor’s tax cuts could become law and Baker himself said in February that the fact that a legislative committee had engaged in the details of his plan was a “really positive sign that we are going to do something”. for tax policy for the people of Massachusetts this session.