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Bill > S1767


MA S1767

MA S1767
Relative to small businesses and homeowners


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
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 text


bill summary

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bill summary

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bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/S1767
BillText https://malegislature.gov/Bills/193/S1767.pdf
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