An Act establishing a tax credit for small businesses

This bill creates a tax credit for small businesses in Massachusetts to offset the cost of gasoline and diesel used for company vehicles. It defines a "small business" based on specific employee counts and annual revenue limits across various industries. Eligible businesses can claim a credit equal to up to 15 percent of the fuel they purchase during the tax year. The Department of Revenue will be responsible for creating the rules needed to administer and enforce this new credit.