SENATE DOCKET, NO. 289        FILED ON: 1/27/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1928

The Commonwealth of Massachusetts

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PRESENTED BY:

Michael O. Moore

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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 taxation of small business in the Commonwealth.

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PETITION OF:

SENATE DOCKET, NO. 289        FILED ON: 1/27/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1928

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1723 OF 2019-2020.]

The Commonwealth of Massachusetts

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In the One Hundred and Ninety-Second General Court
(2021-2022)

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An Act relative to the taxation of small business in the Commonwealth.

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 (a) of section 32D of chapter 63 of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by striking out the figure “$6,000,000”, each time it appears, and inserting in place thereof, in each instance, the following figure:- 12,000,000.

SECTION 2. Said subsection (a) of said section 32D of said chapter 63, as so appearing, is hereby further amended by striking out the figure “9,000,000”, each time it appears, and inserting in place thereof, in each instance, the following figure:- 18,000,000.

SECTION 3. For the purposes of this section, the total receipts thresholds shall increase by the percentage of the Consumer Price Index from the previous calendar year issued by the federal Bureau of Labor Statistics or shall remain the same in the event of a decrease in the Consumer Price Index.