Massachusetts lawmakers have unveiled a package aimed at delivering $561 million in tax reductions during the current fiscal year through a slew of credits and other steps.
Democratic Senate President Karen Spilka called the proposal historic.
A low-income household with two children will see its tax refund check increase by more than $1,000 if the bill becomes law, she said.House Speaker Ronald Mariano, a fellow Democrat, also praised the bill, in particular the provision that strengthens from $1,200 to $2,400 the maximum senior circuit breaker tax credit, a refundable credit for senior citizens based on real estate taxes or rent paid on residential property owned or rented as a principal residence.
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