HOUSE DOCKET, NO. 958 FILED ON: 1/18/2017
HOUSE . . . . . . . . . . . . . . . No. 1481
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The Commonwealth of Massachusetts
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PRESENTED BY:
Kate D. Campanale
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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: |
Kate D. Campanale | 17th Worcester | 1/18/2017 |
Peter J. Durant | 6th Worcester |
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Shaunna L. O'Connell | 3rd Bristol |
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HOUSE DOCKET, NO. 958 FILED ON: 1/18/2017
HOUSE . . . . . . . . . . . . . . . No. 1481
By Ms. Campanale of Leicester, a petition (accompanied by bill, House, No. 1481) of Kate D. Campanale, Peter J. Durant and Shaunna L. O'Connell relative to the minimum corporate tax. Revenue. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2457 OF 2015-2016.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninetieth General Court
(2017-2018)
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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."