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 reducing the income tax to five percent. Revenue.
AI Summary
This bill proposes to reduce the income tax rate in the state to 5 percent. Specifically, it amends a section of the state's tax code to set the tax rate for Part B taxable income at 5 percent, effective beginning July 1, 2015. This change would apply to the state's personal income tax, reducing the overall tax burden for residents.
Committee Categories
Budget and Finance
Sponsors (7)
James Dwyer (D),
Kevin Kuros (R),
Marc Lombardo (R),
James Lyons (R),
Joe McKenna (R),
Shaunna O'Connell (R),
Bruce Tarr (R),
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/H1577 |
| Bill | https://malegislature.gov/Bills/190/H1577.pdf |
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