MA S1648

Bill

Relative to extending single sales factor apportionment to all corporations

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 extend single sales factor apportionment to all corporations. Revenue.

AI Summary

This bill extends single sales factor apportionment to all corporations in Massachusetts. Specifically, it amends the state's corporate excise tax law to require that a corporation's taxable net income be apportioned to Massachusetts by multiplying it by 100% of the sales factor, rather than using a formula that also considers property and payroll factors. The bill also updates the rules for determining the sales factor, including for intangible property, capital assets, and mutual fund sales. These changes will take effect for tax years beginning on or after January 1, 2018.

Committee Categories

Budget and Finance

Sponsors (3)

Ryan Fattman (R), Richard Ross (R), Bruce Tarr (R),

Last Action

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

Official Document

https://malegislature.gov/Bills/190/S1648

(11 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S1648
Bill	https://malegislature.gov/Bills/190/S1648.pdf

Bill	Bill Name	Last Action	Type
H1599	Establishing a 1-year waiting period for new taxes	Accompanied a study order, see H4244	Similar To
H2618	Maintaining land in agriculture	Accompanied a new draft, see H3915	Similar To
H2625	Allowing for the partial payment of property taxes	Accompanied a study order, see H4244	Similar To
H2655	Relative to the separation of cranberry bogs from agricultural use for renewable energy purposes	Accompanied a study order, see H4244	Similar To
H3315	Relative to the motor vehicle sales tax	Accompanied a study order, see H4244	Similar To
H4114	For a law relative to reducing the burden of sales and use taxes and requiring a sales tax free weekend	No further action taken	Similar To
S1503	Relative to senior citizen property taxes	New draft substituted, see S2124	Similar To
S1578	Relative to the taxation of small business in the commonwealth	Accompanied a study order, see S2497	Similar To
S1631	Granting property tax relief to seniors	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
S2670	Creating senior tax relief in the town of Carver.	Signed by the Governor, Chapter 299 of the Acts of 2018	Similar To

Bill > S1648

MA S1648

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

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