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 the taxation of inventory of tangible property of corporations. Revenue.
AI Summary
This bill proposes changes to the taxation of inventory for manufacturing corporations in Massachusetts. Specifically, it amends the state's corporate excise tax law to gradually reduce the tax rate on the tangible property of manufacturing corporations, from $2.00 per $1,000 of value in 2014 to $0.00 per $1,000 of value by 2018. The bill also clarifies that the definition of a "manufacturing corporation" under the law applies except for the specific provisions related to the corporate excise tax rate laid out in the bill.
Committee Categories
Budget and Finance
Sponsors (7)
David DeCoste (R),
Kim Ferguson (R),
Hannah Kane (R),
Joe McKenna (R),
Jeff Roy (D),
Dean Tran (R),
Jon Zlotnik (D),
Last Action
Accompanied a study order, see H5040 (on 10/15/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2660 |
| Bill | https://malegislature.gov/Bills/191/H2660.pdf |
Loading...