H 3057
An Act establishing a tiered corporate minimum tax
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Bill overview
This bill proposes to create a tiered corporate minimum tax system in Massachusetts. Under this system, large corporations would be required to pay a minimum tax rate on their profits, regardless of whether they owe corporate income taxes under existing law. The specific tax rates and thresholds for each tier are yet to be determined, and the bill is currently undergoing review and study.
Key provisions
- Establishes a tiered corporate minimum tax.
- Requires large corporations to pay a minimum tax.
- The specific tax rates and thresholds are not yet defined.
- The bill is subject to ongoing study and review.
- Intended to ensure that profitable corporations pay a fair share of taxes.
Who is affected
- Large corporations operating in Massachusetts
- The Massachusetts state government
- Corporate taxpayers
Notable changes
- Creates a new mechanism for ensuring corporate tax revenue.
- Potentially alters the existing corporate tax structure.
Sponsors
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Primary sponsor
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Bill H.3057 194th (Current)
An Act establishing a tiered corporate minimum tax
By Representative Connolly of Cambridge, a petition (accompanied by bill, House, No. 3057) of Mike Connolly and Manny Cruz relative to establishing a tiered corporate minimum tax. Revenue.
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Bill Information
Bill Information
Presenter: Mike Connolly
Tabs
Bill History Petitioners Committee Summary Hearing Attendance
Bill History
Displaying 7 actions for Bill H.3057
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Revenue |
| 2/27/2025 | Senate | Senate concurred |
| 9/24/2025 | Joint | Hearing scheduled for 10/03/2025 from 10:00 AM-05:00 PM in Gardner Auditorium |
| 10/3/2025 | Joint | Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium Hearing updated to New End Time |
| 12/18/2025 | House | Reporting date extended to Friday, February 20, 2026 |
| 2/25/2026 | House | Reporting date extended to Wednesday, March 18, 2026 |
| 4/2/2026 | House | Accompanied a study order, see H5309 |
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