summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation relative to small businesses and homeowners. Revenue.
AI Summary
This bill exempts income generated from one-time sales of small businesses or residential properties from the application of the surtax XLIV of the Massachusetts constitution. The surtax XLIV refers to a tax provision in the Massachusetts constitution that may otherwise apply to such sales, and this bill aims to provide tax relief for small businesses and homeowners.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4725 (on 06/17/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Small Business
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S1767 | 03/11/2023 |
| BillText | https://malegislature.gov/Bills/193/S1767.pdf | 03/11/2023 |
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