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MA S2043

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Michael Moore

Click for details

Origin

Senate

194th General Court

AI Summary

  • Doubles the total receipts threshold for small business tax treatment from $6,000,000 to $12,000,000
  • Increases the secondary receipts threshold from $9,000,000 to $18,000,000
  • Establishes automatic annual adjustment of these thresholds based on the Consumer Price Index, with thresholds remaining unchanged if CPI decreases
  • Amends Section 32D of Chapter 63 of the Massachusetts General Laws governing corporate taxation

Legislative Description

Relative to the taxation of small business in the commonwealth

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

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available