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
For legislation to establish a vendors’ collection allowance. Revenue.
AI Summary
This bill establishes a vendors' collection allowance, which allows vendors who collect sales tax (under chapters 64H and 64I of the Massachusetts General Laws) to retain up to 2% of the total tax collected in a calendar year, up to a maximum of $750 per vendor. The vendor can deduct this amount from the taxes they are required to remit during the standard reporting period, but once the annual maximum is reached, they cannot deduct any further amounts until the start of the next calendar year.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5250 (on 10/03/2022)
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/S2005 |
| Bill | https://malegislature.gov/Bills/192/S2005.pdf |
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