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 reduce the income tax. Revenue.
AI Summary
This bill proposes to reduce the income tax rate in Massachusetts. Specifically, it amends Section 4 of Chapter 62 of the General Laws to set the Part B taxable income tax rate at 5.1% for tax years beginning on or after January 1, 2018, and then further reduces the rate to 5% for tax years beginning on or after January 1, 2020. This change is intended to provide tax relief to Massachusetts residents by lowering the income tax rate over the next few years.
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/S1642 |
| Bill | https://malegislature.gov/Bills/190/S1642.pdf |
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