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HOUSE DOCKET, NO. 4099 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 3248
The Commonwealth of Massachusetts
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PRESENTED BY:
Michael J. Soter
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act granting an income tax exemption for new manufacturing corporations.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Michael J. Soter8th Worcester1/17/2025Joseph D. McKenna18th Worcester2/6/2025 1 of 1
HOUSE DOCKET, NO. 4099 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 3248
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.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act granting an income tax exemption for new manufacturing corporations.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 Chapter 63 of the General Laws, as most recently amended by section 7 of chapter 88 of
2the acts of 2024, is hereby further amended by inserting, after section 38NN, the following new
3section:-
4 SECTION 38OO. Upon incorporating in the commonwealth, any manufacturing
5corporation, as defined by section 42B of this chapter, shall not be subject to taxation of income,
6as defined under this chapter, for income generated during its first five years of operation,
7provided that no less than 50 per cent of the corporation’s revenues from manufactured goods
8derive from the sale of consumer goods. For the purposes of this section, consumer goods shall
9mean tangible property intended to be purchased by individuals for personal use.