House Passes Legislation to Ensure the Fiscal Health of the Commonwealth

House Passes Legislation to Ensure the Fiscal Health of the Commonwealth

BOSTON – During its historic first remote voting formal session today, State Representative Joan Meschino (D-Hull) along with her colleagues in the House of Representatives passed legislation to authorize necessary state borrowing during the COVID-19 public health emergency.

The legislation, An Act to Facilitate the Delay of the Income Tax Filing Deadline, authorizes the State Treasurer to borrow in anticipation of tax receipts by the end of Fiscal Year 2020 and to repay those sums by June 30, 2021. This action is necessary due to the delay in tax revenue as a result of the extended deadlines of income tax filings and payments to July 15, 2020, which were extended because of the COVID-19 public health emergency.

The session, which included remote voting, was the first held following the passage of Emergency Rules enabling Members to vote and debate safely in the midst of the COVID-19 pandemic.

The bill will now go to the Senate.

 

5/7/20 Update: The bill has now been passed by the Senate.