summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to eliminating the corporate minimum excise tax. Revenue.
AI Summary
This bill aims to eliminate the corporate minimum excise tax in Massachusetts. Specifically, it removes the provisions that require corporations to pay a minimum tax of $456, regardless of their actual tax liability. The changes are made to Section 2 of Chapter 63 of the General Laws, which outlines the corporate excise tax, as well as Section 38B of the same chapter. By eliminating the minimum tax, this bill would potentially reduce the tax burden on corporations in the state.
Committee Categories
Budget and Finance
Sponsors (13)
David DeCoste (R),
Kim Ferguson (R),
Paul Frost (R),
Susan Gifford (R),
Bradford Hill (R),
Steven Howitt (R),
Randy Hunt (R),
Brad Jones (R),
Hannah Kane (R),
Elizabeth Poirier (R),
Todd Smola (R),
Mike Soter (R),
Donald Wong (R),
Last Action
Accompanied a study order, see H5128 (on 11/19/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2513 |
| Bill | https://malegislature.gov/Bills/191/H2513.pdf |
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