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March 29, 2024 Rain | 41°F
The 193rd General Court of the Commonwealth of Massachusetts

Bill H.3096 192nd (2021 - 2022)

An Act providing financial relief to small businesses during the COVID-19 pandemic

By Mr. Xiarhos of Barnstable, a petition (accompanied by bill, House, No. 3096) of Steven G. Xiarhos and others relative to taxation of amounts granted to businesses through the federal CARES Act and Paycheck Protection Program. Revenue.

Bill Information

Presenter:
Steven G. Xiarhos

Emergency Preamble

Whereas, The deferred operation of this act would tend to defeat its purpose, which is to ensure that Massachusetts will not burden distressed small businesses by taxing the loan forgiveness amount granted to businesses through the CARES Act and within it the Paycheck Protection Program (PPP), therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.

Bill History

Displaying 4 actions for Bill H.3096
Date Branch Action
3/29/2021 House Referred to the committee on Revenue
3/29/2021 Senate Senate concurred
12/14/2021 Joint Hearing scheduled for 01/04/2022 from 10:00 AM-04:00 PM in Virtual Hearing
9/22/2022 House Accompanied a study order, see H5245

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