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Bill > S1527


MA S1527

MA S1527
Resolve relative to an automatic reduction in the sales tax


summary

Introduced
04/15/2015
In Committee
04/15/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to automatically reduce the sales tax if certain revenue growth is exceeded. Revenue.

AI Summary

This bill proposes a study by the executive office for administration and finance and the office of the state treasurer, in collaboration with the department of revenue and the senate and house committees on ways and means, to investigate the possibility of automatically lowering the sales tax rate to 5 percent. This reduction would be triggered if specific benchmarks for revenue growth are surpassed. The findings and any proposed legislation to enact such a reduction are to be reported by December 31, 2015.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

Accompanied a study order, see S2290 (on 05/12/2016)

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