Massachusetts Weighs Tying Business Tax Breaks to Ballot Measure

Massachusetts lawmakers would decouple from corporate provisions of the GOP federal tax law if voters approve a personal income tax cut in November, according to a budget initiative moving through the Democrat-controlled legislature.

The state’s $1.8 billion fiscal year 2026 supplemental budget bill (H. 5264) includes a measure that prevents Massachusetts from aligning with federal corporate tax breaks should the state’s personal income tax drop below its current rate of 5%. The bill passed the House on a 150-3 vote Wednesday night, sending it to the Senate for consideration next.

It also would also order state revenue officials ...