HOUSE DOCKET, NO. 3014        FILED ON: 1/16/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2458

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Kate D. Campanale

_________________

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 schedule of payment of estimated corporate taxes.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Kate D. Campanale

17th Worcester

1/16/2015

Peter J. Durant

6th Worcester

1/16/2015

Kevin J. Kuros

8th Worcester

2/2/2015

Joseph D. McKenna

18th Worcester

11/13/2019

David T. Vieira

3rd Barnstable

11/13/2019

Susannah M. Whipps Lee

2nd Franklin

11/13/2019

Mathew Muratore

1st Plymouth

11/13/2019

Randy Hunt

5th Barnstable

11/13/2019

Shaunna L. O'Connell

3rd Bristol

11/13/2019

Angelo L. D'Emilia

8th Plymouth

11/13/2019

Keiko M. Orrall

12th Bristol

11/13/2019


HOUSE DOCKET, NO. 3014        FILED ON: 1/16/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2458

By Ms. Campanale of Leicester, a petition (accompanied by bill, House, No. 2458) of Kate D. Campanale and others relative to the schedule for payment of estimated corporate taxes.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2547 OF 2013-2014.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

 

An Act relative to the schedule of payment of estimated corporate taxes.

 

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. Subsection (c) of section 3 of chapter 63B of the General Laws, as so appearing, is hereby amended by striking out the first and second sentences and inserting in place thereof the following 3 sentences:- 

“For purposes of this chapter, there shall be 4 required installments for each taxable year, except as otherwise provided by this chapter. The first installment shall be paid on or before the fifteenth day of the third month of the taxable year; the second installment shall be paid on or before the fifteenth day of the sixth month of the taxable year; the third installment shall be paid on or before the fifteenth day of the ninth month of the taxable year; and the fourth installment shall be paid on or before the fifteenth day of twelfth month of the taxable year. The amount of each installment shall be 25 per cent of the required annual payment.”

SECTION 2. Section 4A of chapter 63B of the General Laws, as so appearing, is hereby amended by striking out the first and second sentences and inserting in place thereof the following 2 sentence:-

“If the first required installment of estimated tax is paid after the fifteenth day of the third month of the taxable year and is required by section four to be paid on or before the fifteenth day of the sixth month of the taxable year, fifty percent of the estimated tax shall be paid; the second required installment shall be paid on or before the fifteenth day of the ninth month of the taxable year and shall be equal to twenty-five percent of the estimated tax; and the last installment shall be paid on or before the fifteenth day of the twelfth month of the taxable year and shall be equal to the remaining twenty-five percent of the estimated tax. If the first required installment of estimated tax is paid after the fifteenth day of the sixth month of the taxable year and is required by section four to be paid on or before the fifteenth day of the ninth month of the taxable year, seventy-five percent of the estimated tax shall be paid; and the last installment shall be paid on or before the fifteenth day of the twelfth month of the taxable year and shall be equal to the remaining twenty-five percent of the estimated tax.”