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Bill > S1664


MA S1664

Relative to a small business gas tax credit


summary

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 relative to a small business gas tax credit. Revenue.

AI Summary

This bill establishes a "Small Business Tax Credit" that allows small businesses in Massachusetts to claim a tax credit of up to 15% of the amount they spend on gasoline or diesel fuel for their vehicles or their employees' vehicles used for business purposes. The bill defines a "small business" based on criteria such as number of employees and annual revenue. The Department of Revenue will be responsible for administering and enforcing the tax credit program.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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

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