Bill

Bill > H4008


MA H4008

Repealing certain tax expenditures


summary

Introduced
07/22/2021
In Committee
07/22/2021
Crossed Over
Passed
Dead
Vetoed
08/03/2021
Signed/Enacted/Adopted
09/30/2021

Introduced Session

192nd General Court

Bill Summary

Sections 23, 30, 32, 33, 34 and 145 contained in the engrossed Bill making appropriations for the fiscal year 2022 for the maintenance of the departments, boards, commissions, institutions and certain activities of the Commonwealth, for interest, sinking fund and serial bond requirements and for certain permanent improvements (see House, No. 4002), which had been returned by His Excellency the Governor with recommendation of amendment (for message see Attachment H of House, No. 4019). July 22, 2021.

AI Summary

This bill repeals certain tax expenditures in the Massachusetts tax code. Specifically, it strikes out a subparagraph related to the income tax, repeals sections related to the corporate excise tax, and applies these changes to tax years beginning on or after January 1, 2022. The bill aims to eliminate these specific tax deductions, credits, or exemptions to potentially increase tax revenue for the state.

Sponsors (0)

No sponsors listed

Last Action

Chapter 68 of the Acts of 2021 (on 09/30/2021)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...