summary
Introduced
03/29/2021
03/29/2021
In Committee
02/14/2022
02/14/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to bona fide business entities and encouraging the growth of small businesses. Community Development and Small Businesses.
AI Summary
This bill aims to encourage the growth of small businesses by defining the requirements for a business entity to be considered a "bona fide" entity. Under this bill, a bona fide business entity that provides services under a written contract would not be considered an "employee" for the purposes of taxation and labor laws. To be considered bona fide, the business entity must be registered with the Secretary of the Commonwealth, report its income as an independent business, report compensation paid to its employees, and comply with relevant tax, insurance, and labor laws. This change is intended to provide more flexibility and support for small businesses operating as independent contractors or service providers.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
No further action taken (on 01/03/2023)
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/192/H300 |
| Bill | https://malegislature.gov/Bills/192/H300.pdf |
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