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Bill > S1989


MA S1989

Reducing the sales tax to 5 percent


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
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)

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