Budget & Taxes (Business Taxes)

passed · Massachusetts · Senate Feb 27, 2025

SD 2458: An Act allowing for the deduction of business interest

By Mr. Tarr, a petition (accompanied by bill, Senate, No. 2091) of Bruce E. Tarr for legislation to allow for the deduction of business interest. Revenue.

Topics ✗ Budget & TaxesOpposes Budget & TaxesAllows business interest deduction, reducing tax revenue and weakening state fiscal management per tax policy focus.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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passed · Massachusetts · House Apr 21, 2026

H 3248: An Act granting an income tax exemption for new manufacturing corporations

By Representative Soter of Bellingham, a petition (accompanied by bill, House, No. 3248) of Michael J. Soter and Joseph D. McKenna relative to an income tax exemption for certain manufacturing corporations during the first five years of operation. Revenue.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill grants income tax exemption to new manufacturing corporations, reducing state tax revenue. Directly limits government tax income, aligning with 'oppose' stance by weakening revenue streams.95% confidence

Sub-Topics Business Taxes Tax Incentives

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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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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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