MA S1736

Bill

Establishing a tax credit for small businesses

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 to establish a tax credit for small businesses. Revenue.

AI Summary

This bill establishes a tax credit for small businesses in Massachusetts. The bill defines a "small business" as a sole proprietorship, partnership, limited liability company, corporate trust, corporation, or other business with under 500 employees in manufacturing and mining, under 100 employees for wholesale trade, under $6 million in annual revenue for retail and service industries, under $28.5 million in annual revenue for general and heavy construction industries, under $12 million in annual revenue for special trade contractors, or under $0.75 million in annual revenue for agricultural industries. The tax credit amounts to up to 15 percent of the creditable amount, which is the monetary amount paid by the small business for gasoline or diesel fuel for vehicles owned by the company or driven by employees in the normal course of business. The bill also directs the Department of Revenue to promulgate rules and regulations for the administration and enforcement of this tax credit.

Committee Categories

Budget and Finance

Sponsors (2)

Donald Humason (R), Patrick O'Connor (R),

Last Action

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

Official Document

https://malegislature.gov/Bills/191/S1736

(14 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1736
Bill	https://malegislature.gov/Bills/191/S1736.pdf

Bill	Bill Name	Last Action	Type
H2397	Providing an income tax credit for families caring for relatives at home who are elderly or victims of Alzheimer's disease	Accompanied a study order, see H5031	Similar To
H2399	Providing for property tax relief for small business owners	Accompanied a study order, see H5128	Similar To
H2418	Relative to the senior circuit breaker tax credit	Accompanied a study order, see H5128	Similar To
H2624	Relative to film tax credit transferability	Accompanied a study order, see H5080	Similar To
H2629	Relative to the film tax credit	Accompanied a study order, see H5080	Similar To
H5080	Study Order	Discharged to the committee on House Rules	Replaced by
S1640	To support voluntary income tax assistance sites and expand access to the earned income tax credit	Accompanied H2434	Similar To
S1686	Relative to the senior circuit breaker tax credit	Accompanied a study order, see H5080	Similar To
S1706	Relative to extending the wellness program tax credit	Accompanied a study order, see H5080	Similar To
S1723	Relative to the taxation of small business in the Commonwealth	Accompanied a study order, see H5031	Similar To
S1756	Relative to middle class economic relief	Accompanied a study order, see H5080	Similar To
S1767	Increasing the land conservation tax credit	Accompanied a new draft, see H4465	Similar To
S2223	To commission a study on small manufacturing businesses in Massachusetts	Accompanied a study order, see S2533	Similar To
S702	To establish the family caregiver tax credit	Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session	Similar To

Bill > S1736

MA S1736

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

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