An Act to extend the research and development sales tax exemption
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill seeks to extend a sales tax exemption currently in place for research and development activities. Specifically, it aims to continue allowing qualifying businesses in Massachusetts to be exempt from sales tax on purchases related to research and development. The bill was referred to the Joint Committee on Revenue and is awaiting a hearing.
Key provisions
- Extends the sales tax exemption for research and development.
- Applies to qualifying entities engaged in research and development.
- Covers purchases related to research and development activities.
- Maintains the existing scope of the current exemption.
Who is affected
- Businesses engaged in research and development
- Massachusetts businesses
- Purchasers of equipment and materials used in R&D
Notable changes
- No changes are explicitly stated in the bill text regarding existing exemptions or carve-outs.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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