Massachusetts Announces Extension of Administrative Tax Relief for Businesses

Gov. Charlie Baker, Lt. Gov. Karyn Polito, Senate President Karen Spilka, and House Speaker Robert DeLeo announced an extension of administrative tax-relief measures for local businesses that have been impacted by the ongoing COVID-19 outbreak, especially in the restaurant and hospitality sectors. This includes the extension of the deferral of regular sales tax, meals tax, and room-occupancy taxes for small businesses due from March 2020 through April 2021, so they will instead be due in May 2021. Businesses that collected less than $150,000 in regular sales plus meals taxes in the 12-month period ending Feb. 29, 2020 will be eligible for relief for sales and meals taxes, and businesses that collected less than $150,000 in room-occupancy taxes in the same 12-month period will be eligible for relief with respect to room-occupancy taxes. For these small businesses, no penalties or interest will accrue during this extension period.

Read the source article at BusinessWest