This bill creates job-creation and reporting requirements for corporations receiving $10 million or more in tax incentives. The bill also requires such corporations to pay employees, including contracted employees, at least $15 per hour.
Nearly one in four Massachusetts residents with credit reports a debt in collection. This bill will raise the garnishment threshold, shorten the statute of limitations for debt collection, and restrict the use of imprisonment as a punishment for non-payment.
The Earned Income Tax Credit (EITC) is the single most effective anti-poverty program in the country. This bill increases the Massachusetts EITC to 50 percent of the federal EITC. It also directs the Department of Revenue to engage in an aggressive and comprehensive EITC promotion and outreach campaign and allows certain victims of domestic violence and abandoned spouses to access the credit.