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H 3079 Massachusetts House · 194th Legislature (2025-2026)

An Act to promote employee ownership

Summary
By Representative Diggs of Barnstable, a petition (accompanied by bill, House, No. 3079) of Kip A. Diggs relative to the taxation of certain business corporations sponsoring employee stock ownership plans. Revenue.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill provides tax incentives for ESOPs, promoting employee ownership through fiscal policy, aligning with tax relief for businesses.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax incentives for ESOPs, promoting employee ownership and financial stake in companies, aligning with labor support policies.95% confidence
Bill status passed 3 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Feb 2026
Senate Passage
Feb 2025
Governor
Introduced Feb 27, 2025 Last action Feb 5, 2026
Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
4
Key actions
2
Committee
2
Feb 5, 2026
Lower · Passed
Bill reported favorably by committee and referred to the committee on House Ways and Means
lower
Feb 27, 2025
Upper · Passed
Senate concurred
upper
Feb 27, 2025
Committee
Referred to the committee on Revenue
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Kip Diggs
Kip Diggs
DDemocratic
MA
2nd Barnstable