summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
Relative to reducing the income tax to five percent. Revenue.
AI Summary
This bill proposes to amend Chapter 62 of the General Laws, specifically Section 4, to reduce the income tax rate on "Part B taxable income" to 5 percent. Part B taxable income refers to a specific category of income subject to taxation, and this change would replace the current rate with the new, lower rate. The amendment is set to take effect starting July 1, 2015, indicating a legislative effort to lower the tax burden on individuals by a significant margin.
Committee Categories
Budget and Finance
Sponsors (10)
Marc Lombardo (R)*,
Leah Allen (R),
Ryan Fattman (R),
Kevin Kuros (R),
James Lyons (R),
Joe McKenna (R),
Leonard Mirra (R),
Shaunna O'Connell (R),
Benjamin Swan (D),
Bruce Tarr (R),
Last Action
Accompanied a study order, see H4639 (on 09/26/2016)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/House/H2598 |
| State Bill Page | https://malegislature.gov/Bills/189/H2598 |
| Bill | https://malegislature.gov/Bills/189/H2598.pdf |
Loading...