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Massachusetts House Bill H3057

Massachusetts 2025-2026 Regular Session

Massachusetts House Bill H3057 Compare Versions

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22 HOUSE DOCKET, NO. 1204 FILED ON: 1/14/2025
33 HOUSE . . . . . . . . . . . . . . . No. 3057
44 The Commonwealth of Massachusetts
55 _________________
66 PRESENTED BY:
77 Mike Connolly
88 _________________
99 To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
1010 Court assembled:
1111 The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
1212 An Act establishing a tiered corporate minimum tax.
1313 _______________
1414 PETITION OF:
1515 NAME:DISTRICT/ADDRESS :DATE ADDED:Mike Connolly26th Middlesex1/14/2025Manny Cruz7th Essex2/4/2025 1 of 2
1616 HOUSE DOCKET, NO. 1204 FILED ON: 1/14/2025
1717 HOUSE . . . . . . . . . . . . . . . No. 3057
1818 By Representative Connolly of Cambridge, a petition (accompanied by bill, House, No. 3057) of
1919 Mike Connolly and Manny Cruz relative to establishing a tiered corporate minimum tax.
2020 Revenue.
2121 [SIMILAR MATTER FILED IN PREVIOUS SESSION
2222 SEE HOUSE, NO. 2743 OF 2023-2024.]
2323 The Commonwealth of Massachusetts
2424 _______________
2525 In the One Hundred and Ninety-Fourth General Court
2626 (2025-2026)
2727 _______________
2828 An Act establishing a tiered corporate minimum tax.
2929 Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
3030 of the same, as follows:
3131 1 Section 39 of chapter 63 of the General Laws, as so appearing, is amended by striking out
3232 2subsection (b) and inserting in place thereof the following subsection:--
3333 3 (b) A minimum tax as follows:
3434 4 (1) If the total sales of the corporation in the commonwealth during the taxable year, as
3535 5determined pursuant to subsection (f) of section 38, are less than $1,000,000, the minimum tax
3636 6shall be $456.
3737 7 (2) If the total sales of the corporation in the commonwealth during the taxable year, as
3838 8determined pursuant to subsection (f) of section 38, are equal to or greater than $1,000,000 and
3939 9less than $5,000,000, the minimum tax shall be $1,500. 2 of 2
4040 10 (3) If the total sales of the corporation in the commonwealth during the taxable year, as
4141 11determined pursuant to subsection (f) of section 38, are equal to or greater than $5,000,000 and
4242 12less than $10,000,000, the minimum tax shall be $2,500.
4343 13 (4) If the total sales of the corporation in the commonwealth during the taxable year, as
4444 14determined pursuant to subsection (f) of section 38, are equal to or greater than $10,000,000 and
4545 15less than $25,000,000, the minimum tax shall be $3,500.
4646 16 (5) If the total sales of the corporation in the commonwealth during the taxable year, as
4747 17determined pursuant to subsection (f) of section 38, are equal to or greater than $25,000,000 and
4848 18less than $50,000,000, the minimum tax shall be $5,000.
4949 19 (6) If the total sales of the corporation in the commonwealth during the taxable year, as
5050 20determined pursuant to subsection (f) of section 38, are equal to or greater than $50,000,000 and
5151 21less than $100,000,000, the minimum tax shall be $10,000.
5252 22 (7) If the total sales of the corporation in the commonwealth during the taxable year, as
5353 23determined pursuant to subsection (f) of section 38, are equal to or greater than $100,000,000
5454 24and less than $500,000,000, the minimum tax shall be $25,000.
5555 25 (8) If the total sales of the corporation in the commonwealth during the taxable year, as
5656 26determined pursuant to subsection (f) of section 38, are equal to or greater than $500,000,000
5757 27and less than $1,000,000,000, the minimum tax shall be $75,000.
5858 28 (9) If the total sales of the corporation in the commonwealth during the taxable year, as
5959 29determined pursuant to subsection (f) of section 38, are equal to or greater than $1,000,000,000
6060 30the minimum tax shall be $150,000.