The sudden thud of collapsing state tax revenues echoed through the halls of Beacon Hill on Wednesday, inverting a projected surplus of hundreds of millions of dollars into a shortfall nearly as large and reshaping debate about government spending and tax relief plans.
The state’s income tax deadline has been extended after days of speculation whether Massachusetts would follow the federal government’s lead.
The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline as the coronavirus appears on the verge of causing a recession.
