summary
Introduced
04/15/2015
04/15/2015
In Committee
04/15/2015
04/15/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation to remove impediments to corporate growth. Revenue.
AI Summary
This bill aims to remove obstacles to corporate growth by adjusting certain tax provisions. Specifically, it eliminates a minimum excise tax of $456 for corporations under Chapter 63 of the General Laws, and it modifies the rules for estimated tax payments for corporations under Chapter 63B, changing the required installment payments and the definition of "required annual payment" to be a more consistent 25% of the total tax due each quarter. Additionally, it removes the filing fee for a corporation's initial certificate of organization under Chapter 156C, while setting the annual report filing fee at $125.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Accompanied a study order, see S2290 (on 05/12/2016)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/Senate/S1597 | 11/24/2016 |
| State Bill Page | https://malegislature.gov/Bills/189/S1597 | 04/16/2015 |
| Bill | https://malegislature.gov/Bills/189/S1597.pdf | 04/16/2015 |
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