MA H2954

Bill

MA H2954

Relative to eliminating the corporate minimum excise tax

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 eliminating the corporate minimum excise tax. Revenue.

AI Summary

This bill eliminates the corporate minimum excise tax in Massachusetts. Specifically, it removes the provisions in state law that require corporations to pay a minimum tax of $456, regardless of their actual tax liability. By repealing these minimum tax requirements, the bill aims to reduce the tax burden on corporations operating in Massachusetts.

Committee Categories

Budget and Finance

Sponsors (7)

Brad Jones (R)*, Paul Frost (R), Susan Gifford (R), Steven Howitt (R), Hannah Kane (R), Matt Muratore (R), Norm Orrall (R),

Last Action

Accompanied a study order, see H5200 (on 09/08/2022)

Official Document

https://malegislature.gov/Bills/192/H2954

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H2954
Bill	https://malegislature.gov/Bills/192/H2954.pdf

Bill	Bill Name	Last Action	Type
H5200	Study Order	No further action taken	Replaced by
S179	To update the alcohol excise tax	Accompanied a study order, see S2666	Similar To
S1807	Relative to excise tax repayments	No further action taken	Similar To
S1812	To close corporate tax loopholes and create progressive revenue	Accompanied a study order, see H5279	Similar To
S1839	Relative to restoring corporate tax rates	Accompanied a study order, see H5279	Similar To
S1851	Closing the single sales factor tax loophole	Accompanied a study order, see H5247	Similar To
S1933	To clarify the net-worth measure of the corporate excise	Accompanied a study order, see H5250	Similar To
S2312	Relative to motor vehicle excise taxes	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S271	Relative to corporate social responsibility	Accompanied a study order, see S2710	Similar To

Bill > H2954

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (7)

Last Action

Official Document

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