Legislative Testimony: MTF testimony in opposition to legislation that would undo important tax reforms for manufacturers and mutual fund companies, two key elements of the state's export sector. By repealing or curtailing the "single sales factor," Senate Bills 1645, 1751 and 1754 would undercut a…

MTF proposes tighter standards for using the Commonwealth's rainy day fund, ensuring that the fund is tapped only if deteriorating economic conditions cause a significant drop in state revenue growth.

This study, one of a series comparing the Commonwealth's taxes and business costs with other states, finds that Massachusetts ranks higher than the national average for personal income and corporate income taxes, and lower than average for sales and excise taxes. The overall burden of state and…