Saddled with unusually high taxes, community banks in Massachusetts are looking for relief from the state legislature. Lawmakers are considering a bill that would lower the state income tax rate on banks to 10.5% from 12.5%.

That would leave banks paying the same rate as all other Massachusetts corporations, including such rivals as mortgage firms and investment banks. The rate would also be applied to larger state-chartered credit unions, which currently pay no income taxes.

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