{"Title":"to phase out the corporate excise tax on property of net worth","BillNumber":"S1647","DocketNumber":"SD307","GeneralCourtNumber":190,"PrimarySponsor":{"Id":"BET0","Name":"Bruce E. Tarr","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/190/LegislativeMembers/BET0","ResponseDate":"2017-01-11T13:52:38.127"},"Cosponsors":[{"Id":"BET0","Name":"Bruce E. Tarr","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/190/LegislativeMembers/BET0","ResponseDate":"2017-01-11T13:52:38.1266667"},{"Id":"DFD1","Name":"David F. DeCoste","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/190/LegislativeMembers/DFD1","ResponseDate":null},{"Id":"RCF0","Name":"Ryan C. Fattman","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/190/LegislativeMembers/RCF0","ResponseDate":null},{"Id":"RJR0","Name":"Richard J. Ross","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/190/LegislativeMembers/RJR0","ResponseDate":null}],"JointSponsor":null,"BillHistory":"https://malegislature.gov/api/GeneralCourts/190/Documents/S1647/DocumentHistoryActions","LegislationTypeName":"Bill","Pinslip":"By Mr. Tarr, a petition (accompanied by bill, Senate, No. 1647) of Bruce E. Tarr, David F. DeCoste and Ryan C. Fattman for legislation to phase out the corporate excise tax on property of net worth.  Revenue.  ","DocumentText":"\tSECTION 1. Section 39 of chapter 63 of the General Laws is hereby amended by striking lines 36-39, inclusive, and inserting in place thereof the following:-\r\n\t(1) $2.60 per 1,000 for taxable years beginning on or after January 1, 2018 but before January 1, 2019;\r\n\t$2.23 per 1,000 for taxable years beginning on or after January 1, 2019 but before January 1, 2020;\r\n\t$1.86 per 1,000 for taxable years beginning on or after January 1, 2020 but before January 1, 2021;\r\n\t$1.49 per 1,000 for taxable years beginning on or after January 1, 2021 but before January 1, 2022;\r\n\t$1.11 per 1,000 for taxable years beginning on or after January 1, 2022 but before January 1, 2023;\r\n\t$0.74 per 1,000 for taxable years beginning on or after January 1, 2023 but before January 1, 2024;\r\n\t$0.37 per 1,000 for taxable years beginning on or after January 1, 2024 but before January 1, 2025; and\r\n\t$0.00 per 1,000 for taxable years beginning on or after January 1, 2025 but before January 1, 2026, and for all subsequent taxable years; upon the value of: (i) its tangible property as determined to be taxable under paragraph 7 of section 30 if a tangible property corporation; or (ii) its net worth as determined to be taxable under paragraph 8 of section 30 if an intangible property corporation; and\r\n\tSECTION 2. Section 1 shall be effective for tax years beginning on or after January 1, 2018.\r\n","EmergencyPreamble":null,"RollCalls":[],"Attachments":[],"CommitteeRecommendations":[{"Action":"Accompanied","FiscalAmounts":[],"Committee":{"CommitteeCode":"J26","GeneralCourtNumber":190,"Details":"https://malegislature.gov/api/GeneralCourts/190/Committees/J26"},"Votes":[]}],"Amendments":[]}