Amendment #35 to H4165

3 Year Corporate Minimum Excise Tax Exemption

Representatives Jones of North Reading, Peterson of Grafton, Hill of Ipswich, Poirier of North Attleborough, deMacedo of Plymouth and Frost of Auburn moves to amend the bill by adding the following section:-

“SECTION XX. Notwithstanding any general or special law to the contrary, every business corporation, organized under the laws of the commonwealth and incorporated in tax years beginning on or after January 1, 2014, shall be exempt from the minimum excise tax, established in sections 2, 2B, 38B and 39 of chapter 63 of the General Laws, for the first three taxable years following incorporation.”.

Additional co-sponsor(s) added to Amendment #35 to H4165

3 Year Corporate Minimum Excise Tax Exemption