H3023
An Act relative to exemptions for small charities for tax upon raffle proceeds
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill would exempt small charities in Massachusetts from paying taxes on the proceeds generated from raffles. Currently, these charities must pay taxes on raffle winnings, which can create a significant financial burden, especially for smaller organizations. The bill aims to reduce this burden and allow small charities to focus more resources on their missions. It seeks to simplify the process for these organizations while maintaining revenue collection from larger raffles.
Sponsors
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Primary sponsor
Bruce J. Ayers
Cosponsor
Bruce J. Ayers
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