Budget & Taxes (Business Taxes)

introduced · Massachusetts · House

HD 930: An Act repealing the property tax exemption for Massport lessees

HD 930 repeals a property tax exemption that previously allowed businesses leasing space from the Massachusetts Port Authority (Massport) to avoid paying local property taxes on those leased properties. This change directly affects businesses leasing Massport facilities (like airport or port space) for profit, requiring them to pay annual property taxes directly to their local town, as if they owned the property. The bill modifies existing law to shift the tax burden from Massport to the lessee, while clarifying that taxes paid by lessees cannot be enforced through property seizure but can use standard tax collection methods. It does not change Massport's overall tax status or apply to properties not leased for profit.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals property tax exemption for Massport lessees, closing a tax loophole and increasing local tax revenue, aligning with fiscal responsibility and tax fairness.95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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introduced · Massachusetts · House

HD 2524: An Act relative to work from home incentives

This bill creates tax incentives for Massachusetts businesses and remote workers. Businesses get a $10 tax credit per qualified remote employee (salaried, full-time, working from home 16+ hours weekly) and a 15% credit for remote work equipment costs. Employees who pay for eligible home office expenses (internet, equipment, supplies) not covered by their employer can claim 20% of those costs. The credits apply to business taxes and individual income taxes, but cannot reduce taxes below minimum required amounts. It directly affects Massachusetts-based businesses with remote workers and employees who work remotely from their homes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits for businesses and employees, providing direct tax relief that advances fiscal incentives under Budget & Taxes.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides 20% tax reimbursement for remote workers' uncovered home office costs, expanding financial benefits related to workplace setup and work arrangements.85% confidence ✓ TechnologySupports TechnologyAllows tax credits for internet costs (eligible home office expense), directly expanding remote work internet access and infrastructure95% confidence

Sub-Topics Business Taxes Tax Incentives

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introduced · Massachusetts · House

HD 4205: An Act facilitating housing for all

This bill creates the "Housing First and Housing for All Fund" using revenues from a new gross receipts tax on businesses. The fund will directly support unhoused individuals, low-income households, veterans, seniors, and people with disabilities by funding rental subsidies, emergency housing, permanent housing programs, and services like mental health care and legal aid for eviction cases. Key provisions include requiring annual reports on fund usage and mandating audits to ensure money is spent on housing prevention and support, not other state expenses. The bill focuses on concrete policy changes to expand affordable housing access through dedicated funding, rather than speculative outcomes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new business tax to fund housing programs, directly allocating tax revenue to support low-income housing and services, meeting 'funds essential programs' indicator.95% confidence ✓ HealthcareSupports HealthcareBill explicitly funds mental health care services as part of housing support, directly advancing healthcare access for vulnerable populations through the Housing First Fund.95% confidence ✓ HousingSupports HousingCreates dedicated fund using business tax revenue to provide rental subsidies, emergency housing, and services for unhoused/low-income groups, directly advancing affordable housing access and tenant protections.95% confidence ✓ VeteransSupports VeteransBill explicitly lists veterans as a beneficiary group for housing subsidies and related services, directly funding veteran housing needs through the Housing First Fund.95% confidence

Sub-Topics Business Taxes Affordable Housing Homelessness Tenant Rights

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passed · Massachusetts · Senate Feb 27, 2025

SD 119: An Act relative to the taxation of small business in the commonwealth

By Mr. Moore, a petition (accompanied by bill, Senate, No. 2043) of Michael O. Moore for legislation relative to the taxation of small business in the commonwealth. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly addresses small business taxation under Revenue, directly impacting state tax policy and fiscal management.90% confidence

Sub-Topics Business Taxes Tags Small Business

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passed · Massachusetts · Senate Feb 27, 2025

SD 2291: An Act to require public disclosures by publicly-traded corporate taxpayers

By Ms. Miranda, a petition (accompanied by bill, Senate, No. 2037) of Liz Miranda for legislation to require public disclosures by publicly-traded corporate taxpayers. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires public disclosure of corporate tax practices, promoting fiscal transparency and accountability in revenue collection, aligning with fiscal responsibility indicators.85% confidence

Sub-Topics Business Taxes

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passed · Massachusetts · Senate Feb 27, 2025

SD 1684: 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 and creates progressive revenue, strengthening tax system and fiscal management per bill summary.95% confidence

Sub-Topics Business Taxes

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introduced · Massachusetts · House

HD 1326: An Act relative to the gradual elimination of the inventory tax

This bill gradually eliminates the inventory tax on business property in Massachusetts. It reduces the tax rate from $2.60 per $100 of inventory value to $0.50 over multiple steps, with final implementation by 2030. The key mechanism shifts the tax from a flat rate to a declining percentage of net income (starting at 9.5% for 2020-2021 and decreasing to 8.0% for 2022+). These changes directly affect businesses that pay the inventory tax, primarily commercial entities holding physical inventory. The phased approach spans from 2026 through 2030, with specific effective dates for each rate reduction step.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces business inventory tax rate from $2.60 to $0.50 per $100, providing tax relief and aligning with fiscal responsibility indicators for support.95% confidence

Sub-Topics Business Taxes

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introduced · Massachusetts · House

HD 264: An Act relative to lowering the sales tax to 5%

This bill (HD 264) lowers Massachusetts' state sales tax rate from 6.25% to 5% for both general sales and specific retail transactions covered under Chapters 64H and 64I of the General Laws. It directly affects all consumers purchasing taxable goods or services and businesses collecting sales tax in Massachusetts. The key mechanism is amending two existing tax statutes to reduce the rate, with no additional provisions or exemptions specified. The change would reduce the tax burden on everyday purchases like clothing, electronics, and groceries for residents and businesses.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces sales tax rate from 6.25% to 5%, providing direct tax relief to consumers and businesses, aligning with support indicators for tax reduction.95% confidence

Sub-Topics Business Taxes Procurement Sales Tax

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introduced · Massachusetts · House

HD 423: An Act establishing a tax on excessive executive compensation

This bill imposes a new tax on corporations doing business in the state with $10 million or more in net income, based on the ratio of top executive pay to median employee pay. It defines "compensation ratio" as the average pay of the top executive (or highest-paid employee) over three years divided by the median pay of all U.S. employees. Corporations face higher tax rates as this ratio increases: starting at 0% additional tax for ratios under 50, up to 10% additional tax for ratios over 500. The tax applies to the 2026 tax year and includes a 50% rate increase if a company reduces full-time U.S. employees while increasing contracted or foreign workers.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new tax on corporations with high executive pay ratios, targeting excessive compensation as a tax loophole, aligning with fiscal responsibility measures.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill taxes corporations for high executive-to-median-worker pay ratios, directly addressing compensation disparity and promoting fairer wage distribution per its definition of 'compensation ratio'.95% confidence

Sub-Topics Business Taxes

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introduced · Massachusetts · House

HD 3649: An Act relative to municipal income-based taxation

HD 3649 allows Massachusetts cities and towns to replace local property taxes with income-based taxes on residents and businesses, if approved by their local governing body. The bill establishes that municipalities would calculate resident tax rates by dividing their required tax levy for residents (RL) by total reported resident income (TRE), and business tax rates by dividing their required business levy (CIL) by total business income reported (CIE). Tax bills would then be determined by multiplying an individual's personal income or a business's reported income by these calculated rates. This change would directly affect residents and businesses in any municipality adopting the new system, replacing property tax obligations with income-based local taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables municipalities to replace regressive property taxes with income-based taxes, promoting equitable fiscal management and potential tax relief for residents through alternative tax structure.92% confidence

Sub-Topics Business Taxes

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