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Bill > H2633


MA H2633

MA H2633
Excluding small businesses from personal property tax


summary

Introduced
01/20/2015
In Committee
01/20/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

Relative to excluding small businesses from personal property tax. Revenue.

AI Summary

This bill proposes to amend Section 18 of chapter 59 of the General Laws, which deals with personal property tax, by adding a provision that excludes certain small businesses from this tax. Specifically, it aims to exempt corporations that employ 50 or fewer full-time employees from paying personal property tax, thereby offering tax relief to smaller businesses.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H4639 (on 09/26/2016)

bill text


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