An Act allowing for the deduction of business interest
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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 proposes to allow businesses to deduct interest expenses on their business loans and investments. Currently, Massachusetts law limits the deduction of business interest, and this legislation seeks to expand those deductions. The aim is to provide financial relief and encourage investment within the state’s business sector. It is modeled after similar legislation previously considered in the state.
Key provisions
- Allows businesses to deduct interest paid on business loans.
- Allows businesses to deduct interest paid on business investments.
- Expands existing business interest deduction provisions.
- The bill was referred to the Joint Committee on Revenue.
- A hearing on the bill was scheduled for October 3, 2025.
Who is affected
- Businesses operating in Massachusetts
- Small business owners
- Investors in Massachusetts businesses
Notable changes
- Currently, business interest deductions are limited in Massachusetts.
- This bill would expand the scope of deductible business interest.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
Arguments
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