HOUSE DOCKET, NO. 958        FILED ON: 1/18/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1481

 

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 minimum corporate tax.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Kate D. Campanale

17th Worcester

1/18/2017

Peter J. Durant

6th Worcester

 

Shaunna L. O'Connell

3rd Bristol

 


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

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

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."