MA H1567

Bill

Eliminating the corporate minimum tax

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to eliminate the corporate minimum tax. Revenue.

AI Summary

This bill eliminates the corporate minimum tax in Massachusetts. The bill strikes out the provisions in the state's corporate tax law that require corporations to pay a minimum tax of at least $456, regardless of their income or other tax liability. By removing this minimum tax, corporations will only pay taxes based on their actual income and activity, without a mandatory minimum payment. This change in the tax code aims to reduce the tax burden on corporations in the state.

Committee Categories

Budget and Finance

Sponsors (5)

David DeCoste (R), Peter Durant (R), Kevin Kuros (R), Joe McKenna (R), Shaunna O'Connell (R),

Last Action

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

Official Document

https://malegislature.gov/Bills/190/H1567

(6 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H1567
Bill	https://malegislature.gov/Bills/190/H1567.pdf

Bill	Bill Name	Last Action	Type
H1482	Relative to the schedule of payment of estimated corporate taxes	Accompanied a new draft, see H3665	Similar To
H4244	House study order	No further action taken	Replaced by
S1569	Closing a corporate tax haven loophole	Accompanied a study order, see S2497	Similar To
S1581	To clarify the net-worth measure of the corporate excise	Accompanied a new draft, see H3663	Similar To
S1640	Relative to corporate excise tax reform	Accompanied a study order, see S2497	Similar To
S1647	To phase out the corporate excise tax on property of net worth	Accompanied a study order, see S2497	Similar To

Bill > H1567

MA H1567

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (5)

Last Action

Official Document

bill text

bill summary

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