Bill > H4480

This bill creates a transportation excise tax to be levied on certain businesses based on the number of in-state Massachusetts employees they have. Businesses with 100-499 employees will pay a total of $80 million (approximately $100 per employee), those with 500-999 employees will pay $50 million (approximately $225 per employee), and those with 1,000 or more employees will pay $170 million (approximately $350 per employee). The total transportation excise tax assessment from all businesses shall not exceed $300 million. The Department of Revenue, in consultation with the Executive Office of Labor and Workforce Development, will establish the liability of each business and administer the collection of the tax, which will be deposited into the Commonwealth Transportation Fund to be used for transportation-related purposes.