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Bill > H2546

MA H2546

Relative to reducing the income tax to 5%

summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to reducing the income tax to 5 percent. Revenue.

AI Summary

This bill proposes to reduce the income tax rate in Massachusetts from its current level to 5 percent. Specifically, it amends the state's tax laws to set the tax rate for Part B taxable income at 5 percent, effective starting July 1, 2019. This change to the income tax rate is intended to provide tax relief for individuals and families in the state.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Accompanied a study order, see H5128 (on 11/19/2020)
(15 Companion Bills)

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Document Type Source Location
State Bill Page https://malegislature.gov/Bills/191/H2546
Bill https://malegislature.gov/Bills/191/H2546.pdf
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