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 restore corporate tax rates. Revenue.
AI Summary
This bill proposes to restore corporate tax rates in Massachusetts. Specifically, it would amend the state's corporate excise tax law to set the tax rate at 10.5% for tax years beginning on or after January 1, 2021. This would undo previous reductions in the corporate tax rate, which had been lowered to as low as 8% in recent years. The bill aims to increase corporate tax revenue for the state.
Committee Categories
Budget and Finance
Sponsors (23)
Sal DiDomenico (D)*,
Mike Barrett (D),
Michael Brady (D),
Pete Capano (D),
Jo Comerford (D),
Mike Connolly (D),
Julian Cyr (D),
Carol Doherty (D),
Jamie Eldridge (D),
Carmine Gentile (D),
Tami Gouveia (D),
Pat Jehlen (D),
Mary Keefe (D),
David LeBoeuf (D),
Eric Lesser (D),
Jack Lewis (D),
Jason Lewis (D),
Susan Moran (D),
Becca Rausch (D),
Maria Robinson (D),
Danny Ryan (D),
Tom Stanley (D),
Erika Uyterhoeven (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/S1839 |
| Bill | https://malegislature.gov/Bills/192/S1839.pdf |
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