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The 193rd General Court of the Commonwealth of Massachusetts

Bill S.1998 192nd (2021 - 2022)

An Act allowing for the deduction of business interest

By Mr. Tarr, a petition (accompanied by bill, Senate, No. 1998) of Bruce E. Tarr for legislation to allow for the deduction of business interest. Revenue.

Bill Information

Presenter:
Bruce E. Tarr

Emergency Preamble

Whereas, The deferred operation of this act would tend to defeat its purpose, which is to decouple from certain provisions of the federal Tax Cuts and Jobs Act that took effect for tax years beginning after December 31, 2017, 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 S.1998
Date Branch Action
3/29/2021 Senate Referred to the committee on Revenue
3/29/2021 House House concurred
12/14/2021 Joint Hearing scheduled for 12/22/2021 from 10:00 AM-05:00 PM in Virtual Hearing
10/3/2022 House Accompanied a study order, see H5248

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