{"Title":"An Act establishing a tiered corporate minimum tax","BillNumber":"H2743","DocketNumber":"HD418","GeneralCourtNumber":193,"PrimarySponsor":{"Id":"M_C1","Name":"Mike Connolly","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/M_C1","ResponseDate":"2023-01-12T16:32:19.373"},"Cosponsors":[{"Id":"M_C1","Name":"Mike Connolly","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/M_C1","ResponseDate":"2023-01-12T16:32:19.3733333"},{"Id":"JCD1","Name":"James C. Arena-DeRosa","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/JCD1","ResponseDate":"2023-01-30T13:23:02.19"},{"Id":"MDB0","Name":"Michael D. Brady","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/MDB0","ResponseDate":"2023-01-31T15:05:31.54"},{"Id":"M_C3","Name":"Manny Cruz","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/M_C3","ResponseDate":"2023-04-16T20:09:36.6566667"},{"Id":"MMD1","Name":"Michelle M. DuBois","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/MMD1","ResponseDate":"2023-01-19T17:59:11.4233333"},{"Id":"JBE0","Name":"James B. Eldridge","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/JBE0","ResponseDate":"2023-02-10T14:36:34.8466667"},{"Id":"RME1","Name":"Rodney M. Elliott","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/RME1","ResponseDate":"2023-02-26T10:52:12.2466667"},{"Id":"TFB1","Name":"Tricia Farley-Bouvier","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/TFB1","ResponseDate":"2023-02-14T10:04:20.9833333"},{"Id":"CLG1","Name":"Carmine Lawrence Gentile","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/CLG1","ResponseDate":"2023-02-02T21:50:53.9633333"},{"Id":"JKH1","Name":"James K. Hawkins","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/JKH1","ResponseDate":"2023-01-27T13:10:52.5566667"},{"Id":"N_H1","Name":"Natalie M. Higgins","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/N_H1","ResponseDate":"2023-03-14T21:22:57.1066667"},{"Id":"DAL1","Name":"David Henry Argosky LeBoeuf","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/DAL1","ResponseDate":"2023-01-30T14:53:32.37"},{"Id":"RAM1","Name":"Rita A. Mendes","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/RAM1","ResponseDate":"2023-04-11T15:39:35.43"},{"Id":"S_M1","Name":"Samantha Montaño","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/S_M1","ResponseDate":"2023-02-02T13:15:33.68"},{"Id":"JRO0","Name":"Jacob R. Oliveira","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/JRO0","ResponseDate":"2023-02-02T12:39:24.8466667"},{"Id":"SCO1","Name":"Steven Owens","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/SCO1","ResponseDate":"2023-01-31T21:54:24.6766667"},{"Id":"RLR0","Name":"Rebecca L. Rausch","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/RLR0","ResponseDate":"2023-01-21T14:06:33.42"},{"Id":"L_S1","Name":"Lindsay N. Sabadosa","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/L_S1","ResponseDate":"2023-01-20T17:08:15.64"},{"Id":"E_U1","Name":"Erika Uyterhoeven","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/193/LegislativeMembers/E_U1","ResponseDate":"2023-01-26T09:10:14.76"}],"JointSponsor":null,"BillHistory":"https://malegislature.gov/api/GeneralCourts/193/Documents/H2743/DocumentHistoryActions","LegislationTypeName":"Bill","Pinslip":"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.","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":193,"Details":"https://malegislature.gov/api/GeneralCourts/193/Committees/J26"},"Votes":[]}],"Amendments":[]}