As a service to our members, the Chamber advocates on behalf of small businesses on local, state and federal issues affecting the economic climate of our state and in particular of the north central Massachusetts region. Check out what the Chamber has been working on and learn about important legislative changes that affect your business.
The Massachusetts Legislature is in the midst of their 2007-2008 formal session with much work yet to be done. The next few months will surely include debate and possible votes on such topics as casinos, bio-technology, and transportation funding, however, much of the focus will be on the Fiscal Year 2009 budget.
Below you will find descriptions of legislation affecting the business community, either directly or indirectly, as well as links to relevant Chamber testimony and policy.
7/11/08: Treble Damages Bill Signed Into Law
Starting in mid-July, there is a new standard in place for determining the awarding of damages in cases involving violations of the state’s wage laws. In April, a bill was passed to require treble damages to be awarded upon violations of the state’s wage laws. This means the amount to be paid for a violation must be triple even in cases where violations occur in good faith. The provisions of the bill go into effect on July 13, 2008.
7/11/08: Economic Stimulus Provisions for Businesses
Most Chamber members have likely received their tax rebate checks from the Economic Stimulus Act passed earlier this year. The Act also contained lesser known provisions aimed at helping businesses. One of these provisions increases the limit businesses use to expense certain property. Another provision provides an accelerated depreciation. These changes will not benefit all businesses; action is needed for eligibility. Click Here for more information.
People in business in North Central Massachusetts
Companies by name in North Central Massachusetts
Industries/trades in North Central Massachusetts
