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The Legislative Brief newsletter is a benefit of your MassCPAs membership.
Renew today to continue receiving this and all your member perks!
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TWO WEEK NOTICE: June 30 Renewal Deadline for Even-Year Licensees is Fast Approaching!
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The deadline for even-year licensees is two weeks away! Renew your CPA License today! To check your CPE credits, use our CPE Tracker, a benefit of your membership and free to all MassCPAs members. For instructions on how to export the CPE tracking sheet to your license renewal form, click here.
Renewal links and information:
- Access your ePLACE Portal account and renew your license here
- Request an authorization code to access your account here
- Step-by-step guide for creating an ePLACE Portal account, renewing your license, authorization codes and more here
CPA Firm Renewal Affidavit Forms are due by August 1. To access the 2022 Firm Affidavit Form, click here.
Please note: You may experience technical issues when accessing the page via Internet Explorer or a search on a mobile device. If this occurs, please use a different internet browser to renew your license.
The Board of Public Accountancy is aware that renewals prior to April 12, 2022, were renewed for only one year and expire on June 30, 2023, rather than 2024. If your renewal was impacted, your license will be reissued in the coming weeks with the correct expiration date. If your renewal was impacted but you do not receive a new license by July 30, please email the Board for an update.
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Massachusetts Legislature Considers $11 Billion in Economic Development and Infrastructure Spending
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This week, the Economic Development Committee reported favorably to the Committee on Bonding, Capital, Expenditures and State Assets a $1.2 billion borrowing bill dedicated to incentivizing workforce development and spurring downtown revitalization across Massachusetts municipalities. The bill, which removed language allocating $2.3 billion in American Rescue Plan Act (ARPA) money to municipalities across the Commonwealth, is a pared-down version of the roughly $3.5 billion bill filed by Governor Baker earlier this year.
Yesterday, Speaker Ron Mariano suggested that, while ARPA funding was stripped from the economic development bill, talks between both branches of the Legislature about how to allocate the funds are underway. The Legislature has until December 31, 2024, to allocate the ARPA funds and December 21, 2026, to spend the funds.
Separately, the Bonding Committee reported to House Committee on Ways and Means legislation that allocates the $9.75 billion in funding received via the federal Infrastructure and Investment in Jobs Act of 2021 to various transportation and infrastructure projects across Massachusetts.
Chris Lisinski of the State House News Service has more here. Both bills have a few legislative steps to overcome before passing into law. We will keep you posted on any developments going forward. |
Massachusetts Supreme Judicial Court Rejects Gig-Worker Ballot Question
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Earlier this week, the Massachusetts Supreme Judicial Court (SJC) rejected the proposed ballot question that would have reclassified Massachusetts gig economy workers. The ballot question, backed by tech industry companies including Uber and Lyft and strongly opposed by labor unions and worker advocates, was sure to be among the most expensive ballot question campaigns this election cycle, alongside the Fair Share Amendment, which would impose a 4% surtax on income over $1 million.
The Boston Globe's Matt Stout has more on the SJC’s decision here |
Massachusetts Sales Tax Holiday Weekend: August 13 & 14
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The Massachusetts Legislature announced this year’s sales tax holiday weekend will be August 13 and 14. Shoppers that weekend will not have to pay this 6.25% sales tax on most retail items of up to $2,500.00. Certain goods are excluded.
For more information on the sales tax holiday weekend, click here.
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Federal and State Tax News
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Nominate an outstanding woman in accounting
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Women to Watch Award Nominations are due this month!
Nominate outstanding women in accounting for the 2022 Women to Watch Awards, which will be celebrated at the Women's Leadership Summit on October 25 at the Westin Waltham and profiled in SumNews. Submit nominations by June 30. LEARN MORE
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We're working to keep you informed in a world that changes by the minute. If you have anything you'd like to share, or if we can help you in any way, please email Zach Donah or Larry Liuzzo.
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