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 corporate tax rates. Revenue.
AI Summary
This bill proposes to restore corporate tax rates in Massachusetts. Specifically, it would amend the state's general laws to increase the corporate excise tax rate from 9% to 10.5% for tax years beginning on or after January 1, 2021 and thereafter. The bill also contains similar provisions to increase the tax rate for certain financial institutions from 8% to 9.5% for tax years starting on or after January 1, 2021. The goal of this legislation is to generate additional revenue for the state by raising corporate tax rates to previous higher levels.
Committee Categories
Budget and Finance
Sponsors (50)
Mary Keefe (D)*,
Ruth Balser (D),
Christine Barber (D),
Michael Brady (D),
Pete Capano (D),
Michelle Ciccolo (D),
Mike Connolly (D),
Edward Coppinger (D),
Julian Cyr (D),
Marcos Devers (D),
Sal DiDomenico (D),
Carol Doherty (D),
Dan Donahue (D),
Michelle DuBois (D),
Pat Duffy (D),
Jamie Eldridge (D),
Tricia Farley-Bouvier (D),
Dylan Fernandes (D),
Brandy Fluker Oakley (D),
Sean Garballey (D),
Carmine Gentile (D),
Tami Gouveia (D),
Jim Hawkins (D),
Chris Hendricks (D),
Natalie Higgins (D),
Kevin Honan (D),
Vanna Howard (D),
Kay Khan (D),
John Lawn (D),
David LeBoeuf (D),
Jack Lewis (D),
Jason Lewis (D),
Jay Livingstone (D),
Adrian Madaro (D),
Elizabeth Malia (D),
Liz Miranda (D),
Frank Moran (D),
Tram Nguyen (D),
Jim O'Day (D),
Steve Owens (D),
Orlando Ramos (D),
Becca Rausch (D),
Maria Robinson (D),
Dave Rogers (D),
Lindsay Sabadosa (D),
Dan Sena (D),
Tom Stanley (D),
Steve Ultrino (D),
Erika Uyterhoeven (D),
Tommy Vitolo (D),
Last Action
Accompanied a study order, see H5279 (on 10/06/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/H2969 |
Bill | https://malegislature.gov/Bills/192/H2969.pdf |
Loading...