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Bill > H1481


MA H1481

Relative to the minimum corporate tax


summary

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 the minimum corporate tax. Revenue.

AI Summary

This bill amends Section 39 of Chapter 63 of the General Laws in Massachusetts to exempt certain business corporations from the corporate excise tax under subsection (b). The bill exempts corporations that are within their first three years of incorporation or have paid the tax under subsection (a) for the previous three years, as long as they employ no more than 25 full-time employees or their equivalent. The purpose of this bill is to provide tax relief for new and small businesses in the state.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

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

bill text


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