HOUSE DOCKET, NO. 418        FILED ON: 1/12/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2743

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Mike Connolly

_________________

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 establishing a tiered corporate minimum tax.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Mike Connolly

26th Middlesex

1/12/2023

Michelle M. DuBois

10th Plymouth

1/19/2023

Lindsay N. Sabadosa

1st Hampshire

1/20/2023

Rebecca L. Rausch

Norfolk, Worcester and Middlesex

1/21/2023

Erika Uyterhoeven

27th Middlesex

1/26/2023

James K. Hawkins

2nd Bristol

1/27/2023

James C. Arena-DeRosa

8th Middlesex

1/30/2023

David Henry Argosky LeBoeuf

17th Worcester

1/30/2023

Michael D. Brady

Second Plymouth and Norfolk

1/31/2023

Steven Owens

29th Middlesex

1/31/2023

Jacob R. Oliveira

Hampden, Hampshire and Worcester

2/2/2023

Samantha Montaño

15th Suffolk

2/2/2023

Carmine Lawrence Gentile

13th Middlesex

2/2/2023

James B. Eldridge

Middlesex and Worcester

2/10/2023

Tricia Farley-Bouvier

2nd Berkshire

2/14/2023

Rodney M. Elliott

16th Middlesex

2/26/2023

Natalie M. Higgins

4th Worcester

3/14/2023

Rita A. Mendes

11th Plymouth

4/11/2023

Manny Cruz

7th Essex

4/16/2023


HOUSE DOCKET, NO. 418        FILED ON: 1/12/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2743

By Representative Connolly of Cambridge, a petition (accompanied by bill, House, No. 2743) of Mike Connolly and others relative to establishing a tiered corporate minimum tax.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2853 OF 2021-2022.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Third General Court
(2023-2024)

_______________

 

An Act establishing a tiered corporate minimum 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 39 of chapter 63 of the General Laws, as so appearing, is amended by 55 striking out subsection (b) and inserting in place thereof the following subsection:--

(b) A minimum tax as follows:

(1) If the total sales of the corporation in the commonwealth during the taxable year, as determined pursuant to subsection (f) of section 38, are less than $1,000,000, the minimum tax shall be $456.

(2) If the total sales of the corporation in the commonwealth during the taxable year, as determined pursuant to subsection (f) of section 38, are equal to or greater than $1,000,000 and less than $5,000,000, the minimum tax shall be $1,500.

(3) If the total sales of the corporation in the commonwealth during the taxable year, as determined pursuant to subsection (f) of section 38, are equal to or greater than $5,000,000 and less than $10,000,000, the minimum tax shall be $2,500.

(4) If the total sales of the corporation in the commonwealth during the taxable year, as determined pursuant to subsection (f) of section 38, are equal to or greater than $10,000,000 and less than $25,000,000, the minimum tax shall be $3,500.

(5) If the total sales of the corporation in the commonwealth during the taxable year, as determined pursuant to subsection (f) of section 38, are equal to or greater than $25,000,000 and less than $50,000,000, the minimum tax shall be $5,000.

(6) If the total sales of the corporation in the commonwealth during the taxable year, as determined pursuant to subsection (f) of section 38, are equal to or greater than $50,000,000 and less than $100,000,000, the minimum tax shall be $10,000.

(7) If the total sales of the corporation in the commonwealth during the taxable year, as determined pursuant to subsection (f) of section 38, are equal to or greater than $100,000,000 and less than $500,000,000, the minimum tax shall be $25,000.

(8) If the total sales of the corporation in the commonwealth during the taxable year, as determined pursuant to subsection (f) of section 38, are equal to or greater than $500,000,000 and less than $1,000,000,000, the minimum tax shall be $75,000.

(9) If the total sales of the corporation in the commonwealth during the taxable year, as determined pursuant to subsection (f) of section 38, are equal to or greater than $1,000,000,000 the minimum tax shall be $150,000.