Budget & Taxes (Business Taxes)

passed · Massachusetts · Senate Jul 23, 2026

S 2015: An Act establishing a tiered corporate minimum tax

By Mr. Gomez, a petition (accompanied by bill, Senate, No. 2015) of Adam Gomez, Michael J. Barrett and Manny Cruz for legislation to establish a tiered corporate minimum tax. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes corporate minimum tax to generate revenue, closing loopholes and increasing state funds for budget purposes.95% confidence

Sub-Topics Business Taxes

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passed · Massachusetts · Senate Jul 16, 2026

S 2033: An Act combating offshore tax avoidance

By Mr. Lewis, a petition (accompanied by bill, Senate, No. 2033) of Jason M. Lewis, Liz Miranda, Paul W. Mark, Carmine Lawrence Gentile and other members of the General Court for legislation to close corporate tax loopholes and create progressive revenue. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses corporate tax loopholes to increase revenue, directly strengthening fiscal management under Budget & Taxes.95% confidence

Sub-Topics Business Taxes

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introduced · Massachusetts · House

HD 3041: An Act relative to the small commercial tax exemption

This bill amends Massachusetts tax law to increase small commercial property tax exemptions. It raises the maximum tax exemption rate from 10% to 20% of a property's value and increases the property value threshold from $1 million to $4 million. Local legislative bodies will now set exemptions within these new limits for qualifying small commercial properties. The changes directly affect small business owners and property holders whose properties meet these updated criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax exemptions for small businesses, providing direct tax relief by raising thresholds and rates per bill summary.95% confidence

Sub-Topics Business Taxes Tax Incentives

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introduced · Massachusetts · House

HD 1320: An Act relative to exempting small businesses from the telecommunications tax

This bill (HD 1320) exempts qualifying small businesses from the Massachusetts telecommunications sales tax. It applies to independently owned businesses (such as sole proprietorships, partnerships, or LLCs) that meet Small Business Administration size standards and either employ fewer than 100 people in Massachusetts or generate under $2 million annually in retail/service industries. The exemption covers sales tax on telecommunications services as defined in existing law. Only businesses meeting all three criteria (independent ownership, SBA size standards, and employee/revenue thresholds) qualify for the tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts qualifying small businesses from telecom tax, providing direct tax relief per bill's intent to reduce burdens on eligible entities.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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passed · Massachusetts · Senate Feb 27, 2025

SD 255: An Act to promote employee ownership

This bill (SD 255) allows small businesses with fewer than 500 employees to deduct capital gains from selling company shares to an employee stock ownership plan (ESOP) when the ESOP owns at least 49% of the business. It directly affects small business owners who sponsor ESOPs, providing a tax incentive to transition ownership to employees. The key provision amends tax law to permit this deduction for gains from the sale of employer securities to qualifying ESOPs. The bill must be sponsored by the business itself and applies only to non-publicly traded companies. The measure was recently referred to the Revenue committee after House concurrence.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for small business ESOP transitions, providing tax relief under fiscal policy.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentPromotes employee ownership via tax incentives for ESOPs, aligning with worker benefit protections and ownership rights85% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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passed · Massachusetts · Senate Feb 27, 2025

SD 684: An Act relative to the small commercial tax exemption

By Mr. Fattman, a petition (accompanied by bill, Senate, No. 1980) of Ryan C. Fattman, Alyson M. Sullivan-Almeida and Bruce E. Tarr for legislation relative to the small commercial tax exemption. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax exemption for small commercial entities, providing tax relief per bill title and revenue focus.90% confidence

Sub-Topics Business Taxes Tax Incentives

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introduced · Massachusetts · House

HD 979: An Act relative to public benefit corporations

HD 979 creates a tax incentive for benefit corporations in Massachusetts that provide specific employee benefits. It offers a 1.5% lower corporate tax rate to qualifying benefit corporations that provide at least four of six listed benefits, including a "living wage" (defined as sufficient for essentials like housing and healthcare per the MIT calculator), paid parental leave, flexible spending accounts, a CEO-to-worker pay ratio under 25:1, employee cooperative governance, or profit sharing returning 10% of profits to staff. To qualify, corporations must maintain these benefits for 12 consecutive months and receive certification from the Department of Revenue. This directly affects benefit corporations operating under Chapter 156E that meet the eligibility criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides 1.5% corporate tax reduction for qualifying benefit corporations, directly incentivizing tax policy aligned with fiscal management and employee benefit requirements.90% confidence ✓ HousingSupports HousingBill mandates 'living wage' covering housing costs (per MIT calculator), indirectly supporting housing affordability through employee compensation requirements.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill mandates living wage, paid parental leave, and employee governance as tax incentive conditions, directly advancing worker benefits and rights per Labor & Employment topic indicators.95% confidence

Sub-Topics Business Taxes Tax Incentives Minimum Wage Paid Leave Professional Licensing

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introduced · Massachusetts · House

HD 2207: An Act providing for property tax relief for small business owners

This bill creates a property tax exemption for small commercial businesses in towns that assess all property at full value. It allows up to a 10% exemption on the average assessed value of qualifying commercial properties (Class 3), but only for properties owned by businesses with 50 or fewer employees and valued below $1 million. The exemption requires local assessors to use an annual list from the Division of Employment and Training (provided by July 1st each year) to verify business size, with the list kept confidential and used solely for tax eligibility. The relief applies in addition to existing exemptions and is funded by the combined value of all Class 3 commercial properties in the town.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption (10% relief) for small businesses with ≤50 employees and < $1M value, directly reducing tax burden per Budget & Taxes topic.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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passed · Massachusetts · Senate Feb 27, 2025

SD 1407: An Act establishing a tiered corporate minimum tax

By Mr. Gomez, a petition (accompanied by bill, Senate, No. 2015) of Adam Gomez, Michael J. Barrett and Manny Cruz for legislation to establish a tiered corporate minimum tax. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tiered corporate minimum tax to generate revenue, closing loopholes and promoting fiscal responsibility for state budget.95% confidence

Sub-Topics Business Taxes

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passed · Massachusetts · Senate Feb 27, 2025

SD 292: An Act relative to the short term capital gains rate to make Massachusetts more competitive

By Mr. Tarr, a petition (accompanied by bill, Senate, No. 2087) of Bruce E. Tarr for legislation relative to the short term capital gains rate to make Massachusetts more competitive. Revenue.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill lowers short-term capital gains tax rate, creating tax break for wealthy investors to boost competitiveness, aligning with 'oppose' indicator of tax breaks for wealthy.90% confidence

Sub-Topics Business Taxes

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