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Bill > H4173


MA H4173

MA H4173
Providing for a corporate transportation excise tax


summary

Introduced
09/30/2021
In Committee
09/30/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to providing for a transportation excise tax to be paid by certain employers. Revenue.

AI Summary

This bill proposes to establish a corporate transportation excise tax to be paid by employers in Massachusetts. The tax applies to employers with 50 or more employees, with the tax amount per employee ranging from $10 to $100 depending on the employer's number of employees. The total assessment from all employers is capped at $250 million, and the revenue will be deposited into the Commonwealth Transportation Fund to finance transportation-related purposes. The Department of Revenue, in consultation with the Executive Office of Labor and Workforce Development, will be responsible for administering the tax and enforcement mechanisms.

Committee Categories

Budget and Finance

Sponsors (14)

Last Action

Accompanied a study order, see H5279 (on 10/06/2022)

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