MA S1775

Bill

Relative to extending single sales factor apportionment to all corporations

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 extend single sales factor apportionment to all corporations. Revenue.

AI Summary

This bill extends the use of single sales factor apportionment to all corporations in Massachusetts. Single sales factor apportionment means that a corporation's taxable net income is apportioned to Massachusetts solely based on the proportion of its sales that are attributable to the state, rather than also considering the corporation's in-state property and payroll. The bill removes the current exceptions that allow certain corporations, such as manufacturing companies, to use alternative apportionment formulas. The changes made by this bill will be effective for tax years beginning on or after January 1, 2019.

Committee Categories

Budget and Finance

Sponsors (1)

Bruce Tarr (R),

Last Action

Accompanied a study order, see H5040 (on 10/15/2020)

Official Document

https://malegislature.gov/Bills/191/S1775

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1775
Bill	https://malegislature.gov/Bills/191/S1775.pdf

Bill	Bill Name	Last Action	Type
H2509	Relative to corporate excise taxes for homeowners associations organized as corporations	Accompanied a study order, see H5128	Similar To
H5040	Study Order - Property Taxes	Discharged to the committee on House Rules	Replaced by
H640	To limit political spending by foreign-influenced corporations	Accompanied a study order, see H4403	Similar To
S1635	Relative to the Massachusetts estate tax	Accompanied a study order, see H5040	Similar To
S1702	Relative to excessive executive compensation	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
S1727	To clarify the net-worth measure of the corporate excise	Accompanied a study order, see H5040	Similar To
S1765	Granting property tax relief to seniors	Accompanied a study order, see S2549	Similar To
S544	Relative to transparency of dental benefits corporations	Accompanied a study order, see S2543	Similar To

Bill > S1775

MA S1775

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

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