MA H1542

Bill

Relative to corporate minimum tax exemption

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to a corporate minimum tax exemption. Revenue.

AI Summary

This bill aims to remove the corporate minimum tax exemption in Massachusetts. Specifically, it would strike out provisions in the state's tax law that required corporations to pay at least $456 in taxes, regardless of their actual tax liability. By eliminating this minimum tax requirement, the bill would allow corporations to potentially pay less than $456 in taxes if their actual calculated tax obligation is lower. This change could result in reduced tax revenue for the state.

Committee Categories

Budget and Finance

Sponsors (15)

Nick Boldyga (R), Kim Ferguson (R), Paul Frost (R), Susan Gifford (R), Sheila Harrington (R), Steven Howitt (R), Randy Hunt (R), Brad Jones (R), Hannah Kane (R), Kevin Kuros (R), Joe McKenna (R), Dave Muradian (R), Matt Muratore (R), Todd Smola (R), Dave Vieira (R),

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

Official Document

https://malegislature.gov/Bills/190/H1542

(11 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H1542
Bill	https://malegislature.gov/Bills/190/H1542.pdf

Bill	Bill Name	Last Action	Type
H1524	Relative to the establishment of a means tested senior citizen property tax exemption	Accompanied a new draft, see H4001	Similar To
H1537	Providing volunteer firefighters and emergency medical technicians with a local option real estate tax exemption	Accompanied S1536	Similar To
H1571	Extending a property tax exemption to the surviving spouse of blind persons	Accompanied a study order, see H4244	Similar To
H3316	Relative to growing the creative economy	Accompanied a study order, see H4244	Similar To
H3341	Regarding a sales tax exemption	Accompanied a study order, see H4244	Similar To
H4244	House study order	No further action taken	Replaced by
H4258	Authorizing the Town of Hopkinton to establish a means-tested senior citizen property tax exemption	Accompanied a new draft, see H4389	Similar To
H4978	Authorizing the town of Westford to establish a means tested senior citizen property tax exemption	Accompanied a new draft, see H4998	Similar To
S1508	Authorizing tax free contributions to a trust for the care of incapacitated persons	Accompanied a study order, see S2497	Similar To
S1606	Enhancing the creative economy through the tax code	Accompanied a study order, see S2497	Similar To
S1635	Providing for a tax exemption on the sale of recycled materials	Accompanied a study order, see S2497	Similar To

Bill > H1542

MA H1542

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (15)

Last Action

Official Document

bill text

bill summary

bill summary

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