summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to promote economic growth in the Commonwealth. Revenue.
AI Summary
This bill aims to promote economic growth in the Commonwealth by amending the state's tax code. Specifically, it provides a $456 tax credit against the corporate excise tax for qualifying corporations under section 38DD. Additionally, it changes the timing and amount of required quarterly tax installment payments for corporations, requiring four equal installments of 25% of the total annual payment to be paid throughout the year.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Accompanied a study order, see S2497 (on 04/30/2018)
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/190/S1662 |
| Bill | https://malegislature.gov/Bills/190/S1662.pdf |
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