Page 2 THE EVERETT ADVOCATE – FRiDAy, JunE 23, 2023 ANGELO’S A FULL SERVICE 1978-2023 Celebrating 45 Years in Business! s! Regular Unleaded $3.359 Mid Unleaded $3.739 Super $3.989 Diesel Fuel $3.739 Heating Oil at the Pump $4.759 $2.99 9 DEF HEATING OI 24-Hour Burner Service Call for Current Price! (125—gallon minimum) DEF Available by Pump! Open an account and order online at: www.angelosoil.com (781) 231-3500 (781) 231-3003 367 LINCOLN AVE • SAUGUS Hours. Mon.-Wed. 6AM - 6PM / Thurs. & Fri. 6AM - 7PM / Sat. 7AM / Sun. 9AM-5PM L DiDomenico’s Legislation included in Progressive tax relief bill Provides Signifi cant Housing, Dependent Care, and Estate Tax Assistance ast Thursday, Senator DiDomenico and his Senate colleagues approved a $590 million Tax Relief bill that delivers support to low- and middle-income earners and chips away at the headwinds that threaten Massachusetts’s competitiveness. Focusing on providing relief to residents across Massachusetts while upholding fi scal responsibility, the Senate’s tax relief package will provide relief to renters, seniors and parents struggling with high early education costs – while also increasing much-needed housing production. With the recent passage of the FY24 budget last month, the Commonwealth is now poised to secure and strengthen its economic foundation to weather future uncertainty. This bill also includes language that DiDomenico has fi led and pushed for in the areas of the Earned Income Tax Credit and the Child Advocate Online: www.advocatenews.net Tax Credit. “Our state is losing its competitive edge because many working families, older residents, and young people can’t aff ord to live here anymore and this tax relief package refl ects our focus on fi xing that,” said Senator DiDomenico, who is Assistant Majority Leader of the Massachusetts Senate. “I am pleased to share that some of my biggest priorities were included, from increasing tax credits for working families to reforming some of our cumbersome public benefi t programs which will ensure people can easily access all the fi nancial support they deserve. I am also thrilled that we have taken steps to address our housing crisis, as well. I want to thank Senate President Karen Spilka, Chair Rodrigues, and Senator Moran for their dedication to making this a tax package that benefits residents who need it most.” “As I have said from the outset, tax relief should go to the workers, families, and elderly residents of the Commonwealth who need it most,” stated Senate President Karen E. Spilka (D-Ashland). “Massachusetts doesn’t need just any tax relief; we need permanent, progressive, smart, and sustainable tax relief. Too many families have been caught between the rising costs of healthcare, housing, education, and basic goods. While we advance reforms to lower these costs and shore up our social services, meaningful tax relief is another tool in our kit to encourage people to live and raise their families in Massachusetts. I want to thank each of my Senate colleagues who contributed to this proposal, especially Senator Rodrigues and Senator Moran for their leadership in developing this strong package.” This package includes a variety of initiatives as tax relief for the residents of Massachusetts. The bill mandates the following: • Increases the Earned Income Tax Credit (EITC), which provides critical support to working families, from 30% to 40% of the federal credit • Merges existing credits into a new and enhanced Child and Dependent Tax Credit (CDTC), increases the amount of the credit from $180 to $310 per child/dependent and eliminates the current cap of two children/dependents • Increases statewide cap for the Housing Development Incentive Program (HDIP) from $10 million to $57 million on a one-time basis and then to $30 million annually • Increases the cap on the rental deduction from $3,000 to $4,000 • Raises annual authorization of the Low-Income Housing Tax Credit, which directly supports the production of aff ordable housing units across the Commonwealth, from $40 million to $60 million • Doubles the maximum senior circuit breaker credit, which supports elderly residents who struggle with high housing costs, from $1,200 to $2,400 • Excludes homes valued at under $2 million from the Estate Tax and eliminates the “cliff eff ect” by allowing a uniform credit of $99,600 for all estates • Triples the maximum credit under the Title V Tax Credit, which supports families who must replace failed septic sysDIDOMENICO | SEE PAGE 17 Local resident named to William & Mary Dean’s List K iara Cruz, of Everett, Mass., was recently named to the Dean’s List at the College of William & Mary for the spring 2023 semester. In order to achieve Dean’s List status, a full-time, degree-seeking undergraduate student must take at least 12 credit hours and earn a 3.6 Quality Point Average during the semester. William & Mary, which is located in Williamsburg, Virginia, is the second oldest institution of higher learning in the United States. Prices subject to change DIESEL TRUCK STOP FLEET
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