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The Massachusetts Senate will consider a series of corporate tax policy changes aimed at helping grow small businesses and spawn new companies. Senate President Therese Murray announced the proposed changes Friday at an Associated Industries of Massachusetts breakfast in Waltham. Murray describes the proposals as a way “to create a more favorable and stable business tax climate.” She descirbed the proposals as “relatively low cost” , but didn't give any estimates. Murray cited a study showing that between 1990 and 2007, the number of firms in Massachusetts increased 67 percent, but the average firm size shrunk almost 40 percent. In 1990, the average firm in the state employed approximately 17 people; by 2007, the average firm size here was almost 10 people.
The Massachusetts House and Senate leaders want cities and towns to know there's a local aid cut coming. Senate President Therese Murray said she and House Speaker Robert DeLeo were planning to issue a statement outlining a proposed cut. A Murray aide said the statement wouldn't be issued Thursday.
The Massachusetts Senate has unanimously approved a bill designed to clamp down on school bullies. The bill would prohibit bullying at schools and discourage so-called cyberbullying by prohibiting the use of e-mails, text messages, Internet postings and other electronic means to create a hostile school environment.
A key legislative committee has unanimously rejected a bill that would have drastically cut the state's tax credit for the film industry. The Revenue Committee voted 8-0 on Thursday to reject a bill introduced by state Rep. Steven D'Amico that would have cut the credit to a maximum of $7 million per movie. Gov. Deval Patrick 's proposal to cut the tax credit to $50 million per year for the next two years was not acted upon.
Another setback for the Rose Kennedy Greenway, the open space above the Big Dig that replaced the old Central Artery. The Boston Globe reports the organization, New Center for Arts and Culture has folded it's plan to build an 80-million dollar performance center adjacent to Rowe's Wharf. The center had raised only about a quarter of what it needed.
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