Bill > S1909

This bill establishes a tax credit for small businesses in Massachusetts. The "Small Business Tax Credit" will allow small businesses, defined as those with fewer than 500 employees in manufacturing/mining, fewer than 100 employees in wholesale trade, or under $6-28.5 million in annual revenue for other industries, to claim a credit of up to 15% of the amount they spent on gasoline or diesel fuel for their vehicles or their employees' vehicles used for business purposes. The Department of Revenue will be responsible for administering and enforcing the tax credit program.

Budget and Finance

https://malegislature.gov/Bills/193/S1909