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
Relative to tax havens and complete reporting by certain combined groups. Revenue.
AI Summary
This bill aims to close offshore corporate tax loopholes. It amends the state's tax law to require members of a combined corporate group, including those subject to tax or who would be subject to tax if doing business in the state, to determine their apportioned share of the group's taxable net income or loss. This change ensures that all members of the combined group, regardless of their location, must account for the income and apportionment factors of all the members in the group when calculating their tax liability.
Committee Categories
Budget and Finance
Sponsors (10)
Josh Cutler (D)*,
Brian Ashe (D),
Christine Barber (D),
Carol Doherty (D),
Mindy Domb (D),
Tricia Farley-Bouvier (D),
Carlos González (D),
Vanna Howard (D),
Leonard Mirra (R),
Dave Robertson (D),
Last Action
Accompanied a study order, see H4720 (on 06/12/2024)
Official Document
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/H2754 |
| BillText | https://malegislature.gov/Bills/193/H2754.pdf |
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