summary
Introduced
05/13/2019
05/13/2019
In Committee
05/13/2019
05/13/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to tax havens and complete reporting by certain combined groups. Revenue.
AI Summary
This bill amends a section of Massachusetts tax law to require that members of a combined group, subject to or who would be subject to tax in the state, determine their apportioned share of the taxable net income or loss of the combined group. This means that each taxpayer member, regardless of their location, must take into account the income and apportionment factors of all the members included in the combined group when calculating their tax liability.
Committee Categories
Budget and Finance
Sponsors (25)
Brian Ashe (D),
Ruth Balser (D),
Christine Barber (D),
Michael Brady (D),
Jo Comerford (D),
Mike Connolly (D),
Josh Cutler (D),
Mindy Domb (D),
Carolyn Dykema (D),
Nika Elugardo (D),
Colleen Garry (D),
Jim Hawkins (D),
Stephen Hay (D),
Jonathan Hecht (D),
Natalie Higgins (D),
Kathy LaNatra (D),
Jason Lewis (D),
Adrian Madaro (D),
Sarah Peake (D),
Denise Provost (D),
Maria Robinson (D),
Dave Rogers (D),
Steve Ultrino (D),
Andy Vargas (D),
Tommy Vitolo (D),
Last Action
Accompanied a study order, see H5040 (on 10/15/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H3787 |
| Bill | https://malegislature.gov/Bills/191/H3787.pdf |
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