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
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)
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/H1481 |
Bill | https://malegislature.gov/Bills/190/H1481.pdf |
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