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News & Updates from the Government Affairs Team
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You are receiving the Legislative Brief newsletter as a benefit of your MassCPAs membership. Renew today to continue receiving this and all your member perks!
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June 30 Renewal Deadline for Even-Year CPA Licensees
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The deadline for even-year licensees is June 30! To access your ePLACE Portal account and renew your license, click here.
Please ensure that the Board has your correct address on file. If you have not linked your license to your online account, you will need an authorization code, which can be requested here. For a step-by-step guide on how to create an ePLACE Portal account, renew your license, receive an authorization code and more, click here.
CPA Firm Renewal Affidavit Forms are due by August 1, 2022. To access the 2022 Firm Affidavit Form, click here.
To check your CPE credits, use our CPE Tracker, which is free to all MassCPAs members. For directions on how to export the CPE tracking sheet to your license renewal form, click here.
Please note: Internet Explorer or a search on a mobile device may not work. If you are having technical issues accessing the page, 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 so they 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.
| Tax Relief Bill Stalled in Revenue Committee
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Yesterday, the Joint Committee of Revenue extended its deadline to take up Governor Baker’s $700 million tax relief package to July 31. News of the deadline extension comes after House Speaker Ron Mariano stated on Monday that House members continue to deliberate on such relief but did not offer any specifics.
Following the announcement of the deadline extension yesterday, Senate President Karen Spilka released a statement in support of tax relief before formal legislative sessions end this July. “While the details remain to be worked out, I believe we can safely balance targeted spending investments to a number of crucial areas, such as housing, childcare and higher education, with tax relief for individuals and families who are feeling the effects of inflation and continued economic disruption,” the Senate President stated in part of her statement. Her comments indicate that the Senate will take up the tax relief package after they finish debate on its state budget proposal. Matt Stout at The Boston Globe has more information here.
We continue to engage legislators and their staff on the significance of the tax relief package and will keep you posted on any developments.
| Massachusetts Supreme Judicial Court Hears Challenge to Fair Share Amendment Ballot Summary
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The Massachusetts Supreme Judicial Court convened yesterday for oral arguments on challenges to several ballot questions slated to appear on November’s ballot, including one to the wording of Attorney General Healey’s summary of the proposed 4% surtax on incomes over $1 million. To review the documents submitted to the Supreme Judicial Court, click here.
Christian Wade of North of Boston Media Group has more on the hearing here.
We’ll keep you posted on all developments as they arise.
| Massachusetts April 2022 Revenue Collections Total $6.941 Billion
| The Department of Revenue (DOR) announced April 2022 revenue collections totaled $6.941 billion, which is $3.076 billion (79.6%) more than April 2021 and $2.057 billion (42.1%) above monthly benchmarks.
FY22 year-to-date collections total $34.487 billion, which is $8.038 billion (30.4%) more than the same period of FY21, and $4.241 billion (14%) more than the year-to-date benchmark. The DOR further stated after adjusting for PTE excise, FY22 year-to-date collections are $6.286 billion (23.8%) more than collections in the same period of FY2021 and $3.573 billion (12.3%) more than the year-to-date benchmark.
To learn more, click here.
| Federal and State Tax News
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Member Networking Event
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Join us next Tuesday, May 10, for our signature, member-wide networking event at the stunning Royal Sonesta Hotel in Cambridge! At Connect 2022 (formerly the Annual Meeting), you will network with friends and colleagues while enjoying delicious cocktails, plentiful hors d’oeuvres, live entertainment and spectacular views of the Charles River and Boston skyline. Don’t miss out! REGISTER
Please note: This is a member-only event. Renew your membership today!
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| REMINDER: Important security update for your MassCPAs.org password
| The new MassCPAs.org launched on March 8, 2022, and as part of our enhanced security, you will need to update your password the first time you log into the new site – this is a one-time change to help protect your information. Visit MassCPAs.org/login, click “Forgot Password” and a link will be emailed to you to reset your password.
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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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