Bill

Bill > H2557


MA H2557

MA H2557
Relative to income tax rates


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 the Part B taxable income rate. Revenue.

AI Summary

This bill amends Chapter 62 of the General Laws to set the Part B taxable income tax rate at 5.3% for tax years beginning on or after January 1, 2019. Part B taxable income refers to a category of personal income subject to state income tax in Massachusetts. The bill is intended to adjust the tax rate for this type of income.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H5080 (on 11/02/2020)

bill text


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