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Bill > S1772


MA S1772

Reducing the income tax


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 to reduce the income tax. Revenue.

AI Summary

This bill proposes to reduce the income tax rate in Massachusetts. Specifically, it amends Section 4 of Chapter 62 of the General Laws to lower the Part B taxable income tax rate from the current level to 5.1% for tax years beginning on or after January 1, 2019, and further reduces it to 5% for tax years beginning on or after January 1, 2021. These changes are aimed at providing tax relief to Massachusetts residents through lower income tax rates.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

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

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