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 tax havens and complete reporting by certain combined groups. Revenue.
AI Summary
This bill aims to close offshore corporate tax loopholes by amending the Massachusetts General Laws to require members of a combined group, subject to tax under certain sections of Chapter 63, to determine their apportioned share of the taxable net income or loss of the combined group, including the income and apportionment factors of all the members regardless of their location. The goal is to ensure complete reporting by certain combined groups and prevent the use of tax havens to avoid paying taxes.
Committee Categories
Budget and Finance
Sponsors (23)
Josh Cutler (D)*,
Brian Ashe (D),
Ruth Balser (D),
Christine Barber (D),
Michael Brady (D),
Pete Capano (D),
Carolyn Dykema (D),
Dylan Fernandes (D),
Tami Gouveia (D),
Natalie Higgins (D),
Patrick Kearney (D),
Jack Lewis (D),
Kate Lipper-Garabedian (D),
Elizabeth Malia (D),
Susan Moran (D),
Brian Murray (D),
Tram Nguyen (D),
Patrick O'Connor (R),
Maria Robinson (D),
Lindsay Sabadosa (D),
Walter Timilty (D),
Andy Vargas (D),
Tommy Vitolo (D),
Last Action
Accompanied a study order, see H5279 (on 10/06/2022)
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/H2860 |
Bill | https://malegislature.gov/Bills/192/H2860.pdf |
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