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Bill > S1820


MA S1820

MA S1820
To aid economic recovery of the tourism industry


summary

Introduced
03/29/2021
In Committee
04/07/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to aid economic recovery of the tourism industry. Revenue.

AI Summary

This bill aims to aid the economic recovery of the tourism industry by introducing temporary changes to certain tax provisions in Massachusetts. Specifically, it reduces the maximum interest rate on late tax payments from 14% to 7% for bed and breakfast establishments, hotels, lodging houses, and motels in fiscal years 2021, 2022, and 2023. Additionally, it waives the requirement for these types of establishments to have paid their taxes in full without incurring any interest charges in order to be eligible for tax abatements during those same fiscal years.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

No further action taken (on 01/03/2023)

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