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 to establish a vendors’ collection allowance. Revenue.
AI Summary
This bill establishes a "vendors' collection allowance" that allows vendors collecting sales tax under Chapters 64H and 64I of the Massachusetts General Laws to retain up to 2% of the total tax collected, up to a maximum of $750 per calendar year. The vendor can deduct the allowance from the taxes they remit during the standard reporting period, but once the $750 annual limit is reached, they cannot deduct any further amount until the start of the next calendar year.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4727 (on 06/24/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S1957 |
| BillText | https://malegislature.gov/Bills/193/S1957.pdf |
Loading...