Join us for our installment of the Pacesetters Doing Business series featuring Boston Planning and Development Agency on December 7, 2023.
12/07/2023
3:00pm - 4:00pm
Virtual
Jenny Holaday will share her journey into leadership as President of Encore Boston Harbor and first woman to run a casino in Massachusetts.
12/13/2023
2:00pm - 4:00pm
Encore Boston Harbor
Step into Winter Wonderland at our BIMA Holiday Gala. Gather your digital media and marketing peers for a night of networking and entertainment.
12/14/2023
6:30pm - 9:30pm
InterContinental Boston
Designed for mid-level managers and supervisors, this new certificate program addresses workplace well-being through unique, innovative, and actionable methods.
Join our Transformational DEI Certificate! Our comprehensive learning & development offerings are designed to connect and grow strong leaders who lead both inside and out of the office.
Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.
Our Boston’s Future Leaders (BFL) program provides emerging leaders with a socially conscious and civically engaged leadership toolkit, as well as the opportunity to apply their knowledge through experiential assignments.
City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.
We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).
The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.
09/12/2023 -
09/16/2023
Greater Boston
BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.
For nearly 30 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.
The Massachusetts Apprentice Network convenes employers, training providers, and talent sources interested in developing and implementing apprenticeship programs in occupations across industries and statewide in fields such as tech, advanced manufacturing, healthcare, financial services, and more.
We support small business through public policy initiatives, events designed to connect small businesses in Greater Boston to their peers and established business leaders, professional development offerings, and free small business advising.
Explore our mission and values to better understand how we are leading the business community forward.
Our member directory is your resource to discover, connect, and engage with Boston’s businesses from every industry and sector.
In January, the Chamber and MassCPAs partnered to present tax reform recommendations to legislative leaders, and our conversations contributed to tax reform changes that will make it easier for people to start, stay, and succeed in Massachusetts. The Chamber is pleased to see many of our policy recommendations and strategies in the final tax package that will benefit generations of residents and communities.
Major Provisions
H.4104 – An Act to improve the Commonwealth’s competitiveness, affordability, and equity
Apprenticeship Tax Credit (sections 20, 34) – Expands eligible industries for the existing apprenticeship tax credit to include industries deemed critical to the regional labor economy.
Chapter 62F (25, 26) – Changes the allocation of future tax rebates triggered from Chapter 62F from being based on a percentage of what the taxpayer paid in income taxes to a flat rate for each individual. Also requires monthly reporting of state revenue to anticipate a possible trigger of 62F tax rebates.
Child and Dependent Tax Credit (21,22) – Increases credit to $310 per dependent for tax year 2023, $440 per dependent for tax year 2024.
Commuter Deductions (5 & 6) – Expands the deduction to allow for all MBTA transit fares to be deducted as well as commuter boats, regional transit passes, bikeshare memberships, and bicycle maintenance.
Earned Income Tax Credit (11) – Increases credit from 30% to 40% of the federal earned income tax credit.
Estate Tax (36, 37) – Increases the threshold from a $1 million to $2 million threshold and establishes a tax credit of up to $99,600 to eliminate the “cliff effect.”
Housing Development Incentive Program (19, 33, 40, 42) – Increases the credit’s cap from $10 million to $57 million for calendar year 2023 and sets the cap at $30 million beyond calendar year 2023.
Joint Filing Requirement (24) – Requires married individuals who file jointly for their federal taxes to also file jointly for Massachusetts state taxes.
Local Property Tax Exemption (3) – Provides municipalities the option to establish a property tax exemption for landlords renting those households at or below 200% area median income (AMI).
Low-Income Housing Tax Credit (23, 30, 41) – Increases the cap for the LIHTC from $40 million to $60 million.
Pass-Through Entity (PTE) Study (44) – Charges the Department of Revenue to study the impact the high-earner income surtax has on PTEs.
Rental Deduction Cap (4) – Increases the rental deduction cap from $3,000 to $4,000.
Senior Circuit Breaker Tax Credit (17) – Increases cap from $750 to $1,500. With Consumer Price Index (CPI) adjustments, seniors are eligible for property tax credits of up to $2,400.
Single Sales Factor Apportionment (27-29, 31, 35) – Shifts state tax apportionment from 3-factor to single sales factor apportionment for determining tax liability for all industries.
Short Term Capital Gains Rate (8) – Lowers the tax rate for short term capital gains from 12% to 8.5%.
Stabilization Fund (1) – Increases the cap of stabilization fund from 15% of that year’s budgeted revenues to 25.5%.
Student Loans – Employer Repayment (7) – Allows individuals to deduct employer student loan repayment assistance from their income tax liability.
Other tax changes: Lead Paint Abatement (9 & 10), Title V Septic Credits (12-16), Dairy Farmer Tax Credit (18, 32), Locally Produced Cider and Wine Tax Rates (38, 39), Property Tax Reduction for Volunteer Services (2), Quarterly Tax Credit Payment Study (43).
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