MA S1528

Bill

Stimulating small business investment

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to stimulate small business investment. Revenue.

AI Summary

This bill aims to stimulate small business investment by providing a tax credit to businesses equal to up to the first $500,000 of revenue earned during the taxable year. The credit cannot reduce the business's tax liability below the minimum amount due under Section 39(b) of the existing law. This is intended to support and encourage the growth of small businesses by reducing their tax burden on their initial revenue.

Committee Categories

Budget and Finance

Sponsors (1)

Ryan Fattman (R),

Last Action

Accompanied a study order, see S2497 (on 04/30/2018)

Official Document

https://malegislature.gov/Bills/190/S1528

(16 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S1528
Bill	https://malegislature.gov/Bills/190/S1528.pdf

Bill	Bill Name	Last Action	Type
H1485	Relative to adopting the new market tax credits program for Massachusetts	Accompanied a study order, see H4244	Similar To
H1556	Relative to tax return filing deadlines	Accompanied a study order, see H4244	Similar To
H1626	Relative to lead abatement	Accompanied S1184	Similar To
H216	Relative to the development of a strategy supporting micro businesses in inner city communities	Accompanied a new draft, see H4406	Similar To
H4229	Removing fees for security freezes and disclosures of consumer credit reports	New draft substituted, see H4232	Similar To
H4241	Removing fees for security freezes and disclosures of consumer credit reports	Committee recommended ought to pass with an amendment, substituting therefor a new draft, see H4806	Similar To
S1575	Relative to propane powered vehicle tax credit	Accompanied a study order, see S2497	Similar To
S1610	To extend the Brownfields tax credit	Accompanied a new draft, see H3851	Similar To
S1611	Expanding the Brownfields tax credit to encourage affordable housing	Accompanied a new draft, see H3851	Similar To
S1636	Relative to a job creation tax credit	Accompanied a study order, see S2497	Similar To
S1637	Relative to the creation of a training tax credit	Accompanied a study order, see S2497	Similar To
S1664	Relative to a small business gas tax credit	Accompanied a study order, see S2497	Similar To
S2497	Order relative to authorizing the joint committee on Revenue to make an investigation and study of certain current Senate documents relative to revenue matters	Reported (in part) by S1507	Replaced by
S576	Relative to credit and debit cards	Accompanied a study order, see S2496	Similar To
S577	Relative to public funds	Accompanied a study order, see S2496	Similar To
S585	Relative to the investment authority of the Massachusetts Credit Union Share Insurance Corporation	Accompanied a study order, see S2496	Similar To

Bill

Bill Name

Last Action

Type

H1485

Relative to adopting the new market tax credits program for Massachusetts

Accompanied a study order, see H4244

Similar To

H1556

Relative to tax return filing deadlines

Accompanied a study order, see H4244

Similar To

H1626

Relative to lead abatement

Accompanied S1184

Similar To

H216

Relative to the development of a strategy supporting micro businesses in inner city communities

Accompanied a new draft, see H4406

Similar To

H4229

Removing fees for security freezes and disclosures of consumer credit reports

New draft substituted, see H4232

Similar To

H4241

Removing fees for security freezes and disclosures of consumer credit reports

Committee recommended ought to pass with an amendment, substituting therefor a new draft, see H4806

Similar To

S1575

Relative to propane powered vehicle tax credit

Accompanied a study order, see S2497

Similar To

S1610

To extend the Brownfields tax credit

Accompanied a new draft, see H3851

Similar To

S1611

Expanding the Brownfields tax credit to encourage affordable housing

Accompanied a new draft, see H3851

Similar To

S1636

Relative to a job creation tax credit

Accompanied a study order, see S2497

Similar To

S1637

Relative to the creation of a training tax credit

Accompanied a study order, see S2497

Similar To

S1664

Relative to a small business gas tax credit

Accompanied a study order, see S2497

Similar To

S2497

Order relative to authorizing the joint committee on Revenue to make an investigation and study of certain current Senate documents relative to revenue matters

Reported (in part) by S1507

Replaced by

S576

Relative to credit and debit cards

Accompanied a study order, see S2496

Similar To

S577

Relative to public funds

Accompanied a study order, see S2496

Similar To

S585

Relative to the investment authority of the Massachusetts Credit Union Share Insurance Corporation

Accompanied a study order, see S2496

Similar To

Bill > S1528

MA S1528

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

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