SENATE DOCKET, NO. 190        FILED ON: 1/12/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1556

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Jason M. Lewis

_________________

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 to pro-rate the corporate excise tax.

_______________

PETITION OF:

 

Name:

District/Address:

Jason M. Lewis

Fifth Middlesex


SENATE DOCKET, NO. 190        FILED ON: 1/12/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1556

By Mr. Lewis, a petition (accompanied by bill, Senate, No. 1556) of Jason M. Lewis for legislation to pro-rate the corporate excise tax.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

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

_______________

 

An Act to pro-rate the corporate excise 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 2014 Official Edition, is hereby amended by inserting the following subsection:-

(3) Except as otherwise provided, business entities that incorporate in the last 3 months of any tax year, as determined by the secretary of state, shall pay a pro-rated fee equal to one fourth of what is owed by the newly formed corporation according to subsections (a) or (b) of this section.