HOUSE DOCKET, NO. 963 FILED ON: 1/15/2013
HOUSE . . . . . . . . . . . . . . . No. 2546
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The Commonwealth of Massachusetts
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PRESENTED BY:
Peter J. Durant
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to the minimum corporate tax.
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PETITION OF:
Name: | District/Address: | Date Added: |
Peter J. Durant | 6th Worcester | 1/15/2013 |
Paul K. Frost | 7th Worcester | 2/1/2013 |
Bradley H. Jones, Jr. | 20th Middlesex |
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Donald Humason |
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Bruce E. Tarr | First Essex and Middlesex |
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Keiko M. Orrall | 12th Bristol |
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Kevin J. Kuros | 8th Worcester |
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HOUSE DOCKET, NO. 963 FILED ON: 1/15/2013
HOUSE . . . . . . . . . . . . . . . No. 2546
By Mr. Durant of Spencer, a petition (accompanied by bill, House, No. 2546) of Peter J. Durant and others relative to the minimum corporate tax. Revenue. |
The Commonwealth of Massachusetts
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In the Year Two Thousand Thirteen
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An Act relative to the minimum corporate tax.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 39 of chapter 63 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by inserting at the end thereof the following paragraph:
"A business corporation shall not be subject to the excise under subsection (b) provided said corporation is within its first three years of incorporation, or if it has paid an amount calculated under the provisions of subsection (a) for all of the previous three years. Under no circumstances shall a business corporation which employs more than 25 full-time employees or its equivalent be eligible for the provisions of this paragraph."