Financial professionals called upon to review state’s tax code

Massachusetts

Massachusetts lawmakers are working to modernize the state tax code.

The Senate Revenue Working Group has financial experts studying the state’s economy, to find ways to modernize and simplify the state tax code. 

State Senate President Karen Spilka on Monday told the group how the policies they develop will impact the Commonwealth. 

“And we must be sure that we are not funding our future on the backs of those that can least afford it,” Spilka said. 

Pittsfield State Senator Adam Hinds was appointed to chair the revenue working group. 

He said he will push for a regional solution to the state’s economic issues to make sure people in the western part of the state are not forgotten.

Senator Hinds made sure he included western Massachusetts professionals in the group’s financial conversations. 

“We occasionally have some regional inequities and so we need to remember the western part of the state,” Nancy Creed, President of the Springfield Regional Chamber said. 

The Revenue Working Group said their top priority is making the Massachusetts tax code efficient, fair, and understandable. 

This process will take time. The working group’s recommendations aren’t expected until next year.

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