MA S1702

Bill

Relative to excessive executive compensation

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to excessive executive compensation. Revenue.

AI Summary

This bill aims to address excessive executive compensation by imposing an additional 2% tax on the net income of financial institutions and publicly-held corporations whose "compensation ratio" (the ratio of the CEO or highest-paid employee's compensation to the median employee compensation) exceeds 100. The bill defines "compensation ratio" and amends chapters 63 and 39 of the Massachusetts General Laws to implement this new tax provision, which would apply to tax years beginning on or after January 1, 2020.

Committee Categories

Budget and Finance

Sponsors (3)

Jason Lewis (D), Mike Moore (D), Steve Ultrino (D),

Last Action

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

Official Document

https://malegislature.gov/Bills/191/S1702

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1702
Bill	https://malegislature.gov/Bills/191/S1702.pdf

Bill	Bill Name	Last Action	Type
H2535	Relative to regional transportation ballot initiatives	Accompanied H2653	Similar To
H2559	Creating a commission to study the PILOT formula and disbursement	Accompanied H2658	Similar To
H2560	Ensuring consistent reimbursement of PILOT funding	Accompanied a study order, see H5080	Similar To
H2595	To reduce taxes generated by charitable raffles and bazaars	Accompanied a study order, see H5080	Similar To
H4244	Relative to the town of Mattapoisett	Signed by the Governor, Chapter 357 of the Acts of 2020	Similar To
H5080	Study Order	Discharged to the committee on House Rules	Replaced by
S1665	Relative to taxes due upon the death of active duty personnel and the elderly	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S1765	Granting property tax relief to seniors	Accompanied a study order, see S2549	Similar To
S1775	Relative to extending single sales factor apportionment to all corporations	Accompanied a study order, see H5040	Similar To
S2076	Relative to motor vehicle excise taxes	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2439	Relative to wind and solar systems within the town of Mattapoisett	Read second and ordered to a third reading	Similar To
S986	Relative to public charity executive and board of directors compensation	Accompanied a study order, see S2496	Similar To

Bill

Bill Name

Last Action

Type

H2535

Relative to regional transportation ballot initiatives

Accompanied H2653

Similar To

H2559

Creating a commission to study the PILOT formula and disbursement

Accompanied H2658

Similar To

H2560

Ensuring consistent reimbursement of PILOT funding

Accompanied a study order, see H5080

Similar To

H2595

To reduce taxes generated by charitable raffles and bazaars

Accompanied a study order, see H5080

Similar To

H4244

Relative to the town of Mattapoisett

Signed by the Governor, Chapter 357 of the Acts of 2020

Similar To

H5080

Study Order

Discharged to the committee on House Rules

Replaced by

S1665

Relative to taxes due upon the death of active duty personnel and the elderly

Bill reported favorably by committee and referred to the committee on Senate Rules

Similar To

S1765

Granting property tax relief to seniors

Accompanied a study order, see S2549

Similar To

S1775

Relative to extending single sales factor apportionment to all corporations

Accompanied a study order, see H5040

Similar To

S2076

Relative to motor vehicle excise taxes

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S2439

Relative to wind and solar systems within the town of Mattapoisett

Read second and ordered to a third reading

Similar To

S986

Relative to public charity executive and board of directors compensation

Accompanied a study order, see S2496

Similar To

Bill > S1702

MA S1702

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary