Budget & Taxes (Business Taxes)

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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introduced · Massachusetts · Senate

SD 2524: Proposal for a legislative amendment to the Constitution to cap the state income tax

This bill proposes a constitutional amendment to establish a maximum limit on the state income tax rate. If adopted, it would prevent the state legislature from raising the income tax rate above a set cap without requiring another constitutional amendment. The measure would directly affect all individuals and businesses subject to the state income tax. The amendment must first pass the legislature and then be approved by voters to become part of the state constitution.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps state income tax rate, restricting legislature's ability to raise taxes without constitutional amendment.95% confidence

Sub-Topics Business Taxes Income Tax State Budget

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introduced · Massachusetts · House

HD 4099: An Act granting an income tax exemption for new manufacturing corporations

This bill would exempt new Massachusetts manufacturing corporations from state income tax for their first five years of operation. To qualify, at least 50% of the corporation's revenue must come from selling consumer goods (defined as tangible products for personal use by individuals). The exemption applies only to income generated from manufacturing operations within the state during this initial five-year period. It directly affects new manufacturing businesses incorporating in Massachusetts that meet the consumer goods sales requirement.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts new manufacturing corporations from state income tax for 5 years, reducing immediate tax revenue and weakening the state's tax base.90% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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introduced · Massachusetts · House

HD 3385: An Act requiring public disclosures by publicly-traded corporate taxpayers

This bill (HD 3385) requires publicly-traded corporations that pay taxes in the state to submit annual reports detailing their tax payments. The state secretary must create a searchable online database making all submitted reports publicly accessible, including a list of corporations that failed to file. Reports for any tax year become publicly available only after the first day of the third calendar year following that tax year. The law removes previous requirements to hide taxpayer names and addresses from these reports and allows the state to charge for copies of the database or individual reports. It directly affects all publicly-traded corporations subject to state corporate taxation.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires corporate tax disclosure to enhance transparency and fiscal accountability, closing potential tax avoidance loopholes through public reporting of tax payments.95% confidence

Sub-Topics Business Taxes

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passed · Massachusetts · Senate Jul 23, 2026

S 2086: An Act relative to sales tax reduction to 5%

Senate Bill S 2086 proposes to reduce the state sales tax rate. Specifically, this legislation aims to lower the sales tax to 5%. This change would directly affect consumers, who would pay less sales tax on eligible purchases, and businesses, who would collect the adjusted tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces sales tax rate, providing direct tax relief to consumers and aligning with support indicators for tax relief.95% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · Massachusetts · House Dec 1, 2025

HD 5346: An Act exempting Software as a Service (SaaS) products from sales taxes

HD 5346 would exempt Software as a Service (SaaS) products - like cloud-based software accessed online - from state sales taxes. It directly affects SaaS providers (businesses selling these services) and their customers, removing a tax burden they currently face. The bill amends tax law by deleting language that treated software transfers as taxable tangible goods and adding a new provision specifically excluding SaaS sales from taxation. This policy change simplifies tax treatment for online software services by making them tax-exempt, aligning with how many similar services are handled in other jurisdictions.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts SaaS from sales tax, reducing state tax revenue and weakening budget collection per tax law amendment.95% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · Massachusetts · Senate Nov 20, 2025

SD 3302: An Act exempting Software as a Service (SaaS) products from sales taxes

By Mr. Fattman, a petition (accompanied by bill) (subject to Joint Rule 12) of Ryan C. Fattman for legislation to exempt Software as a Service (SaaS) products from sales taxes. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill exempts SaaS from sales tax, providing tax relief to businesses, aligning with support indicators for tax reduction in Budget & Taxes.90% confidence ✓ TechnologySupports TechnologyExempts SaaS from sales tax, reducing costs for technology services and promoting adoption of cloud-based software solutions.85% confidence

Sub-Topics Business Taxes Sales Tax

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passed · Massachusetts · Senate Nov 26, 2025

S 2063: An Act relative to the taxation of above ground conduits, wires, and pipes used in the transportation of natural gas

This bill would require natural gas utility companies to pay property taxes on above-ground conduits, wires, and pipes used for transporting natural gas. It directly affects gas utility companies that own and operate this infrastructure. The key provision changes current tax treatment by subjecting these specific above-ground assets to standard property taxation, rather than exempting them. This policy change aims to generate additional revenue for state or local governments through taxation of this infrastructure.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax exemption for natural gas infrastructure, generating state revenue through property taxation on previously exempt assets.95% confidence

Sub-Topics Business Taxes

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