Budget & Taxes (Business Taxes)

passed · Massachusetts · House May 7, 2026

H 5006: An Act relative to limiting state tax collection growth and returning surpluses to taxpayers

This bill would limit Massachusetts' annual state tax collections by capping growth at a set rate calculated using a "growth factor" applied to prior year revenues. If actual tax collections exceed this calculated cap, the surplus would be returned directly to taxpayers. It defines "state tax revenues" broadly to include income, sales, and business taxes (but excludes federal funds, bond proceeds, and tuition fees). These rules would apply to fiscal years beginning after June 30, 2027. The bill amends existing tax law to implement this cap-and-return mechanism.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill caps tax growth and returns excess to taxpayers, providing direct tax relief per its explicit language.95% confidence

Sub-Topics Business Taxes Revenue State Budget

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passed · Massachusetts · House Feb 12, 2026

H 4975: An Act to manage federal tax changes in Massachusetts

This bill (H 4975) updates Massachusetts tax law to align with federal tax changes while protecting state revenue. Key provisions include increasing the personal exemption from $1,200 to $2,000 (adjusted for inflation), adding a federal deduction for certain taxpayers, and creating a new 4% excise tax on pass-through entities (like S-corps and partnerships) for income exceeding a surtax threshold (Chapter 63E). It also establishes a rule (Section 5) preventing Massachusetts from applying federal tax changes that would impact state revenue by less than $20 million, unless the tax commissioner approves. The bill directly affects individual taxpayers, businesses structured as pass-through entities, and state tax administration.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill protects state revenue by adjusting personal exemptions and adding a business tax, aligning with federal changes while promoting fiscal responsibility per summary.95% confidence

Sub-Topics Business Taxes Income Tax Sales Tax

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passed · Massachusetts · Senate Feb 27, 2025

SD 683: An Act stimulating small business investment

By Mr. Fattman, a petition (accompanied by bill, Senate, No. 1979) of Ryan C. Fattman for legislation to stimulate small business investment. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly addresses revenue through small business investment incentives, aligning with fiscal responsibility and tax relief for businesses.90% confidence

Sub-Topics Business Taxes Tags Small Business

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passed · Massachusetts · Senate Feb 27, 2025

SD 2221: An Act closing a corporate tax haven loophole

By Mr. Montigny, a petition (accompanied by bill, Senate, No. 2041) of Mark C. Montigny for legislation to close a corporate tax haven loophole. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses corporate tax loophole to increase revenue, directly aligning with tax loophole closure as a support indicator per topic description.95% confidence

Sub-Topics Business Taxes

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passed · Massachusetts · Senate Jul 9, 2026

S 2041: An Act closing a corporate tax haven loophole

By Mr. Montigny, a petition (accompanied by bill, Senate, No. 2041) of Mark C. Montigny for legislation to close a corporate tax haven loophole. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses corporate tax loophole to increase state revenue, aligning with fiscal responsibility and closing avoidance mechanisms95% confidence

Sub-Topics Business Taxes

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introduced · Massachusetts · House Jan 29, 2025

HD 4313: An Act reducing limited liability company formation fees

HD 4313 reduces the filing fees for limited liability companies (LLCs) in the state by lowering two key costs. It cuts the fee for the initial certificate of organization from $500 to $150 and the annual report fee from $500 to $150. This directly affects all LLCs required to file these documents under current law. The bill makes no other changes to LLC requirements or fees.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces LLC formation and annual fees, providing direct tax relief for businesses, aligning with fiscal support for small business formation costs.95% confidence

Sub-Topics Business Taxes Fees & Licensing

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introduced · Massachusetts · House

HD 1204: An Act establishing a tiered corporate minimum tax

HD 1204 establishes a tiered minimum tax for corporations operating in the Commonwealth based on their annual sales within the state. Corporations with sales under $1 million pay $456, while those with sales exceeding $1 billion pay $150,000 annually. The tax applies directly to out-of-state corporations doing business in the Commonwealth, with rates increasing incrementally as sales volume rises across nine defined tiers. This policy changes the existing minimum tax structure by tying payments strictly to sales thresholds rather than income.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tiered corporate minimum tax increasing revenue from large corporations, closing loopholes and strengthening state fiscal management through incremental tax rates.95% confidence

Sub-Topics Business Taxes

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passed · Massachusetts · Senate Feb 27, 2025

SD 2345: An Act to extend the research and development sales tax exemption

By Mr. Feeney, a petition (accompanied by bill, Senate, No. 2000) of Paul R. Feeney for legislation to extend to qualifying entities sales tax exemptions on research and development. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends sales tax exemption for R&D, providing direct tax relief to qualifying entities, aligning with tax policy support indicators.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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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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in committee · Massachusetts · House Sep 29, 2025

HD 5184: An Act relative to Chapter 63D taxation for small businesses

By Representative Frost of Auburn, a petition (subject to Joint Rule 12) of Paul K. Frost relative to refundable credits for eligible pass-through entities. Revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides refundable tax credits for small business pass-through entities, offering direct tax relief and supporting small business fiscal responsibility under Chapter 63D taxation.95% confidence

Sub-Topics Business Taxes

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