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 relative to corporate excise tax reform. Revenue.
AI Summary
This bill amends Chapter 63 of the Massachusetts General Laws to provide a non-transferrable tax credit against the corporate excise tax for corporations formed under Chapter 156D. The credit is only available for the first three years the corporation is required to file a return, and it is not allowed for corporations with 50% or more of their voting stock owned by another corporation, whether or not the owning corporation is taxable in the Commonwealth.
Committee Categories
Budget and Finance
Sponsors (3)
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/S1640 |
Bill | https://malegislature.gov/Bills/190/S1640.pdf |
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