An Act establishing a tiered corporate minimum tax
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes to implement a tiered corporate minimum tax in Massachusetts. It would establish different tax rates for corporations based on their profits, aiming to ensure that profitable companies pay a minimum level of tax regardless of deductions. The goal is to increase state revenue and address concerns about corporate tax avoidance. The specifics of the tiered rates are not detailed in the provided text.
Key provisions
- Establishes a tiered corporate minimum tax.
- Different tax rates are applied based on corporate profits.
- Aims to ensure a minimum level of tax payment for profitable corporations.
- Intended to increase state revenue.
Who is affected
- Corporations operating in Massachusetts
- The Massachusetts state government
Notable changes
- Potentially changes the way corporate taxes are calculated in Massachusetts.
- May impact corporate tax liabilities based on profitability.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
5 on record
Primary sponsor
Cosponsors
Michael J. Barrett
Rebecca L. Rausch
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours