A communication from the Department of Revenue (see Section 44 of Chapter 50 of the Acts of 2023) submitting its study on feasibility of additional 4% elective pass-through entity-level excise

This bill transmits a study from the Department of Revenue to the legislature regarding the feasibility of implementing an additional 4% excise tax on pass-through entities. The document analyzes whether the state can legally and practically impose this new tax after federal changes limited the deductibility of such state taxes for businesses. It does not enact the tax itself but rather provides the legislative body with the necessary information to decide on future policy action.