HOUSE DOCKET, NO. 71        FILED ON: 1/6/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2754

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Josh S. Cutler

_________________

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 closing offshore corporate tax loopholes.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Josh S. Cutler

6th Plymouth

1/6/2023

Lenny Mirra

2nd Essex

1/26/2023

Brian M. Ashe

2nd Hampden

1/30/2023

Carol A. Doherty

3rd Bristol

2/2/2023

David Allen Robertson

19th Middlesex

2/6/2023

Tricia Farley-Bouvier

2nd Berkshire

2/8/2023

Mindy Domb

3rd Hampshire

2/22/2023

Vanna Howard

17th Middlesex

2/27/2023

Carlos González

10th Hampden

3/17/2023

Christine P. Barber

34th Middlesex

12/20/2023


HOUSE DOCKET, NO. 71        FILED ON: 1/6/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2754

By Representative Cutler of Pembroke, a petition (accompanied by bill, House, No. 2754) of Josh S. Cutler and others relative to tax havens and complete reporting by certain combined groups.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2860 OF 2021-2022.]

 

The Commonwealth of Massachusetts

 

_______________

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

_______________

 

An Act relative to closing offshore corporate tax loopholes.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Subsection (c) of section 32B of chapter 63 of the General Laws is hereby amended by striking out paragraph (3) and inserting in place thereof the following paragraph:-

(3) The members of a combined group, subject to tax under this chapter or who would be subject to tax if doing business in the state under section 2, 2B, 32D, 39 or this section, as well as an entity described in sections 20 to 29E, inclusive, shall determine their apportioned share of the taxable net income or loss of the combined group, under which each taxpayer member, wherever located, shall take into account the income and apportionment factors of all the members includible in the combined group.