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MA S1669

MA S1669
Relative to certain endowment funds in private institutions of higher learning


summary

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 certain endowment funds in private institutions of higher learning. Revenue.

AI Summary

This bill proposes to delay the implementation of Section 9 until the Department of Revenue has conducted a study on the impact of the provisions on the state's economy and revenue cost to the Commonwealth and its cities and towns. The study will include an analysis of the impact on taxpayers of varying income levels, the current practice of other states, any anticipated change in employment, and ancillary economic activity. The findings of the study will be provided to the clerk of the House of Representatives, who will then forward it to the Joint Committee on Revenue.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

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