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 reduce the sales tax to 5 percent. Revenue.
AI Summary
This bill aims to reduce the sales tax in Massachusetts from 6.25% to 5%. Specifically, it proposes to amend Chapter 64H and Chapter 64I of the General Laws by striking the existing 6.25% sales tax rate and replacing it with a 5.8% rate effective August 1, 2021, a 5.4% rate effective August 1, 2022, and a 5% rate effective August 1, 2023. The purpose of this bill is to provide tax relief and reduce the overall sales tax burden for residents and businesses in the state.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5248 (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/S1989 |
Bill | https://malegislature.gov/Bills/192/S1989.pdf |
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