MA H3001

Bill

MA H3001

Relative to income tax rates

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the Part B taxable income rate. Revenue.

AI Summary

This bill amends Chapter 62 of the General Laws to set the Part B taxable income tax rate at 5.3% for tax years beginning on or after January 1, 2022. The Part B taxable income is a component of the state's income tax system, and this change in the tax rate will impact state revenue.

Committee Categories

Budget and Finance

Sponsors (1)

Christopher Markey (D)*,

Last Action

Accompanied a study order, see H5247 (on 09/26/2022)

Official Document

https://malegislature.gov/Bills/192/H3001

(11 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H3001
Bill	https://malegislature.gov/Bills/192/H3001.pdf

Bill	Bill Name	Last Action	Type
H2932	Relative to charitable donations	Accompanied a study order, see H5043	Similar To
H2980	To create an income tax deduction for municipal and school fees	Accompanied a study order, see H5250	Similar To
H3082	Relative to income tax rates	Accompanied a study order, see H5250	Similar To
H5247	Revenue	No further action taken	Replaced by
S1812	To close corporate tax loopholes and create progressive revenue	Accompanied a study order, see H5279	Similar To
S1842	To support voluntary income tax assistance sites and expand access to the earned income tax credit	Accompanied a new draft, see H4997	Similar To
S1857	To promote sustainable economic development throughout Massachusetts	Accompanied a study order, see H5250	Similar To
S1858	Promoting student loan repayment	Accompanied a study order, see H4894	Similar To
S1891	Encouraging employer student loan repayment	Accompanied a study order, see H4894	Similar To
S1916	Authorizing the establishment of a mean tested senior citizen property tax exemption	Accompanied H2915	Similar To
S5	Proposal for a legislative amendment to the Constitution to provide resources for education and transportation through an additional tax on incomes in excess of one million dollars	Amendment again agreed to - see Senate Roll Call #48 and House Roll Call #38 (Yeas 159 to Nays 41)	Similar To

Bill

Bill Name

Last Action

Type

H2932

Relative to charitable donations

Accompanied a study order, see H5043

Similar To

H2980

To create an income tax deduction for municipal and school fees

Accompanied a study order, see H5250

Similar To

H3082

Relative to income tax rates

Accompanied a study order, see H5250

Similar To

H5247

Revenue

No further action taken

Replaced by

S1812

To close corporate tax loopholes and create progressive revenue

Accompanied a study order, see H5279

Similar To

S1842

To support voluntary income tax assistance sites and expand access to the earned income tax credit

Accompanied a new draft, see H4997

Similar To

S1857

To promote sustainable economic development throughout Massachusetts

Accompanied a study order, see H5250

Similar To

S1858

Promoting student loan repayment

Accompanied a study order, see H4894

Similar To

S1891

Encouraging employer student loan repayment

Accompanied a study order, see H4894

Similar To

S1916

Authorizing the establishment of a mean tested senior citizen property tax exemption

Accompanied H2915

Similar To

Proposal for a legislative amendment to the Constitution to provide resources for education and transportation through an additional tax on incomes in excess of one million dollars

Amendment again agreed to - see Senate Roll Call #48 and House Roll Call #38 (Yeas 159 to Nays 41)

Similar To

Bill > H3001

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary