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Bill > H1472


MA H1472

Relative to exemptions for small charities for tax upon raffle proceeds


summary

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 exempt small charities from the tax on raffle proceeds. Revenue.

AI Summary

This bill aims to exempt small charities from paying tax on raffle proceeds. Specifically, it amends section 7A of chapter 271 of the Massachusetts General Laws to exempt charities from the tax on raffle proceeds that are less than $12,000. This change provides tax relief for small charitable organizations that rely on raffle fundraisers to support their operations and community initiatives.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

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

bill text


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