Bill
Bill > H3025
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to providing tax relief to small businesses during the COVID-19 pandemic. Revenue.
AI Summary
This bill aims to provide financial relief to small businesses during the COVID-19 pandemic. Specifically, it proposes to amend the Massachusetts General Laws to exclude from the gross income of eligible recipients the amount that would otherwise be included due to the forgiveness of a loan under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This is intended to offer tax relief to small businesses that have received financial assistance through the CARES Act's Paycheck Protection Program, which provided forgivable loans to help businesses keep their workforce employed during the pandemic.
Committee Categories
Budget and Finance
Sponsors (28)
Brian Murray (D)*,
Brian Ashe (D),
Michael Brady (D),
Dan Cahill (D),
Pete Capano (D),
Angelo D'Emilia (R),
Michael Day (D),
David DeCoste (R),
Carolyn Dykema (D),
Ann-Margaret Ferrante (D),
Colleen Garry (D),
Chris Hendricks (D),
Vanna Howard (D),
Brad Jones (R),
Hannah Kane (R),
Mike Kushmerek (D),
John Lawn (D),
Kate Lipper-Garabedian (D),
Elizabeth Malia (D),
Joe McKenna (R),
Mike Moore (D),
Sarah Peake (D),
Smitty Pignatelli (D),
John Rogers (D),
Adam Scanlon (D),
Tom Stanley (D),
Alyson Sullivan (R),
Jon Zlotnik (D),
Last Action
Accompanied a study order, see H5245 (on 09/22/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H3025 |
| Bill | https://malegislature.gov/Bills/192/H3025.pdf |
Loading...