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 pro-rate the corporate excise tax. Revenue.
AI Summary
This bill proposes to pro-rate the corporate excise tax for business entities that incorporate in the last 3 months of any tax year. Specifically, the bill would amend the existing law to require newly formed corporations that incorporate in the last 3 months of a tax year to pay a pro-rated fee equal to one-fourth of what they would owe under the regular corporate excise tax provisions.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see S2497 (on 04/30/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/S1556 |
| Bill | https://malegislature.gov/Bills/190/S1556.pdf |
Loading...