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 promoting small business competitiveness by reducing the tax on certain sales totaling one thousand dollars or greater. Revenue.
AI Summary
This bill proposes to amend Chapter 64H of the existing law to reduce the tax on certain retail sales totaling $1,000 or more. Specifically, it adds a new subsection (yy) that would assess a 3% excise tax on individual retail sales of $1,000 or greater, except where otherwise provided in the chapter. The goal is to promote the competitiveness of small businesses by lowering the tax burden on higher-value transactions.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5080 (on 11/02/2020)
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/H2642 |
| Bill | https://malegislature.gov/Bills/191/H2642.pdf |
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