{"Title":"An Act establishing a tiered corporate minimum tax","BillNumber":"H2853","DocketNumber":"HD3367","GeneralCourtNumber":192,"PrimarySponsor":{"Id":"M_C1","Name":"Mike Connolly","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/192/LegislativeMembers/M_C1","ResponseDate":"2021-02-19T10:21:06.527"},"Cosponsors":[{"Id":"M_C1","Name":"Mike Connolly","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/192/LegislativeMembers/M_C1","ResponseDate":"2021-02-19T10:21:06.5266667"},{"Id":"MMD1","Name":"Michelle M. DuBois","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/192/LegislativeMembers/MMD1","ResponseDate":"2021-04-07T13:56:15.53"},{"Id":"JPL1","Name":"Jack Patrick Lewis","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/192/LegislativeMembers/JPL1","ResponseDate":"2021-07-22T12:06:44.04"},{"Id":"E_U1","Name":"Erika Uyterhoeven","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/192/LegislativeMembers/E_U1","ResponseDate":"2021-02-19T20:56:12.6933333"}],"JointSponsor":null,"BillHistory":"https://malegislature.gov/api/GeneralCourts/192/Documents/H2853/DocumentHistoryActions","LegislationTypeName":"Bill","Pinslip":"By Mr. Connolly of Cambridge, a petition (accompanied by bill, House, No. 2853) of Mike Connolly, Erika Uyterhoeven and Michelle M. DuBois relative to establishing a tiered corporate minimum tax.  Revenue.","DocumentText":"\tSection 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:--\r\n\t(b) A minimum tax as follows:\r\n\t(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.\r\n\t(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.\r\n\t(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.\r\n\t(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.\r\n\t(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.\r\n\t(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.\r\n\t(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.\r\n\t(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.\r\n\t(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.\r\n","EmergencyPreamble":null,"RollCalls":[],"Attachments":[],"CommitteeRecommendations":[{"Action":"Accompanied","FiscalAmounts":[],"Committee":{"CommitteeCode":"J26","GeneralCourtNumber":192,"Details":"https://malegislature.gov/api/GeneralCourts/192/Committees/J26"},"Votes":[]}],"Amendments":[]}