From Politico Massachusetts:
Raise Up Massachusetts sent a letter to the entire Senate yesterday doubling down on its argument that April’s revenue shortfall, combined with the feds hiking interest rates and the threat of defaulting on the national debt, present “significant” fiscal risk for the state. The group is urging senators to reject not only lowering the short-term capital gains tax rate, but also the plans on the table to raise the estate-tax threshold and tinker with the single sales factor apportionment.
Here’s a snippet from the letter that mentions the estate tax:
This post is a part of Old Colony Law’s Estate Tax Updates.