Mass. Income Tax Being Reduced By 0.05 Percent

December 4, 2013 7:02 PM
Mass. Income Tax Being Reduced By 0.05 Percent
" BOSTON (AP) — The new year will bring a small tax cut for Massachusetts residents.

State Revenue Commissioner Amy Pitter has certified that the state’s income tax will be lowered from the current 5.25 percent to 5.2 percent on Jan. 1.

In a letter on Wednesday to Secretary of Administration and Finance Glen Shor, Pitter said tax collections have exceeded benchmarks over several months, and as a result have met the threshold required under state law to trigger an automatic .05 percent reduction in the income tax "

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