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 provide an income tax deduction for small businesses affected by COVID-19. Revenue.
AI Summary
This bill proposes to amend the Massachusetts state tax code to provide a $1,000 income tax deduction for small businesses that have incurred expenses for personal protective equipment (PPE) to safely operate their businesses during the COVID-19 pandemic. The term "small business" is defined as any entity that generates a maximum gross revenue of $1,500,000 per year. The bill also grants the Massachusetts Department of Revenue the authority to determine the eligibility requirements for this deduction, and specifies that the deduction will be applicable for tax years ending on or after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H5247 (on 09/26/2022)
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/H3009 |
| Bill | https://malegislature.gov/Bills/192/H3009.pdf |
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