From:                                         The Massachusetts Society of CPAs <>

Sent:                                           Thursday, June 30, 2022 9:37 AM

To:                                               Hannah Naranjo

Subject:                                     MassCPAs Legislative Brief


News & Updates from the Government Affairs Team 

Massachusetts Society of CPAs (MassCPAs)

News & Updates from the Government Affairs Team 

MassCPAs Legislative Brief


LAST DAY TO RENEW! The June 30 Renewal Deadline for Even-Year CPA Licensees is Today

The deadline for even-year licensees is today! To check your CPE credits, use our CPE Tracker, a benefit of your membership and free to all MassCPAs members. For instructions on how to export the CPE tracking sheet to your license renewal form, click here

Renewal links and information:

  • Access your ePLACE Portal account and renew your license here
  • Request an authorization code to access your account here 
  • Step-by-step guide for creating an ePLACE Portal account, renewing your license, authorization codes and more here

CPA Firm Renewal Affidavit Forms are due by August 1. To access the 2022 Firm Affidavit Form, click here.   

Please note: You may experience technical issues when accessing the page via Internet Explorer or a search on a mobile device. If this occurs, 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 and 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. 

FY23 to Begin without Final Budget

Last week, Governor Baker filed a $6 billion interim budget that will fund state government through the end of July or until the FY23 budget is passed and implemented. 

The budget conference committee continues its deliberations to finalize the details of the compromise budget, which we anticipate will total roughly $50 billion. Once enacted by the Legislature, Governor Baker has 10 days to sign and/or veto parts of the bill. We expect the budget to be released in a matter of days as the Legislature will have to quickly pivot to several other high-profile pieces of legislation – including a potential tax relief package, cannabis industry reform – that are also up against a fast-approaching close to formal legislative sessions on July 31.  

We continue to meet with key legislative staff to discuss the need for reform to the Massachusetts estate tax – an area of seemingly growing interest among legislators across the political spectrum in both branches of the Legislature. We will keep you posted on all developments as they arise. 

MassCPAs Testifies in Support of Decoupling Massachusetts from Section 280E of the Internal Revenue Code (IRC)

The conference committee formed to finalize a cannabis industry reform bill was announced last week. MassCPAs was pleased to submit testimony in support of an amendment to the bill that would, in part, decouple Massachusetts from Section 280E of the IRC and allow for cannabis businesses to take the same business deductions as all other businesses. Read our testimony here

Special thanks to Charlotte Cathro, CPA, of Cathro LLC and chair of MassCPAs Cannabis Committee for co-signing our testimony to the conference committee, and to our Cannabis Committee members for their work and advocacy. We look forward to working with the Legislature to advocate for this amendment to remain in the final bill and passed into law. 


To join our Cannabis Committee, click here

Federal and State Tax News

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Please complete this one question survey by Friday, July 8 – it will take less than a minute of your time. TAKE THE SURVEY

If you've already taken the survey, thank you for your feedback!

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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