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 reduce the income tax. Revenue.
AI Summary
This bill proposes to reduce the income tax rate in Massachusetts by amending Chapter 62 of the General Laws. Specifically, it aims to lower the tax rate on "Part B taxable income," which refers to income from sources like wages, salaries, and interest, from its current level to 5.1% for tax years beginning on or after January 1, 2016, and further to 5% for tax years beginning on or after January 1, 2018.
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 |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/S1600 |
| Bill | https://malegislature.gov/Bills/189/S1600.pdf |
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