Business tax deal may cost $535m

State lowers its revenue forecast; Deduction helped win tighter rules

RETHINKING THE TAX VOTE
"I think it would be disingen- uous to say that people don’t want to revisit some of the decisions we made," said state Senator Benjamin Downing.

By Matt Viser

Globe Staff / October 13, 2009

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A corporate tax deduction, created last year as a sweetener for businesses in a tax-tightening measure, will cost the state at least $535 million over seven years, according to a new estimate by the Massachusetts Department of Revenue. (Full article: 1015 words)