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MA S2015
Bill
AI Summary
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Establishes a nine-tier corporate minimum tax structure based on total sales in Massachusetts, replacing the current flat minimum tax system
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Minimum tax ranges from $456 for corporations with sales under $1 million to $150,000 for corporations with sales of $1 billion or more
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Middle tiers include: $1,500 ($1M-$5M sales), $2,500 ($5M-$10M), $3,500 ($10M-$25M), $5,000 ($25M-$50M), $10,000 ($50M-$100M), $25,000 ($100M-$500M), and $75,000 ($500M-$1B)
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Effective date is January 1, 2026 for tax years beginning on or after that date
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Amends Section 39 of Chapter 63 of the General Laws; similar legislation was filed in the 2023-2024 session as Senate No. 1835
Legislative Description
Establishing a tiered corporate minimum tax
Last Action
Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium Hearing updated to New End Time
10/3/2025