MA S1856

Bill

MA S1856

Stimulating small business investment

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to stimulate small business investment. Revenue.

AI Summary

This bill aims to stimulate small business investment by providing a tax credit of up to $500,000 for the first $500,000 of revenue earned by a business corporation during the taxable year. The credit cannot reduce the corporation's tax liability below the minimum amount due under the state's existing tax law.

Committee Categories

Budget and Finance

Sponsors (1)

Ryan Fattman (R)*,

Last Action

Accompanied a study order, see H5250 (on 10/03/2022)

Official Document

https://malegislature.gov/Bills/192/S1856

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S1856
Bill	https://malegislature.gov/Bills/192/S1856.pdf

Bill	Bill Name	Last Action	Type
H3742	Relative to the South Norwood General Business District	Accompanied a new draft, see H4114	Similar To
H5250	Study Order	No further action taken	Replaced by
S153	Encouraging the growth of small businesses	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S1639	To promote business continuity and recovery after a disaster	No further action taken	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
S1912	To make childcare and preschool more affordable for working families	Accompanied S1878	Similar To
S1916	Authorizing the establishment of a mean tested senior citizen property tax exemption	Accompanied H2915	Similar To
S1928	Relative to the taxation of small business in the Commonwealth	Accompanied a study order, see H5248	Similar To
S1930	Supporting job growth in the Commonwealth	Accompanied a study order, see H5250	Similar To
S1941	To increase health insurance affordability for small business	Accompanied a study order, see H5250	Similar To
S1952	Establishing a tax credit for small businesses	Accompanied a study order, see H5248	Similar To
S2113	Establishing a commission on government accountability, economy, and efficiency	Accompanied a study order, see S2620	Similar To

Bill

Bill Name

Last Action

Type

H3742

Relative to the South Norwood General Business District

Accompanied a new draft, see H4114

Similar To

H5250

Study Order

No further action taken

Replaced by

S153

Encouraging the growth of small businesses

Bill reported favorably by committee and referred to the committee on Senate Rules

Similar To

S1639

To promote business continuity and recovery after a disaster

No further action taken

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

S1912

To make childcare and preschool more affordable for working families

Accompanied S1878

Similar To

S1916

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

Accompanied H2915

Similar To

S1928

Relative to the taxation of small business in the Commonwealth

Accompanied a study order, see H5248

Similar To

S1930

Supporting job growth in the Commonwealth

Accompanied a study order, see H5250

Similar To

S1941

To increase health insurance affordability for small business

Accompanied a study order, see H5250

Similar To

S1952

Establishing a tax credit for small businesses

Accompanied a study order, see H5248

Similar To

S2113

Establishing a commission on government accountability, economy, and efficiency

Accompanied a study order, see S2620

Similar To

Bill > S1856

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

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