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SENATE DOCKET, NO. 683 FILED ON: 1/14/2025
SENATE . . . . . . . . . . . . . . No. 1979
The Commonwealth of Massachusetts
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PRESENTED BY:
Ryan C. Fattman
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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 stimulating small business investment.
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PETITION OF:
NAME:DISTRICT/ADDRESS :Ryan C. FattmanWorcester and Hampden 1 of 1
SENATE DOCKET, NO. 683 FILED ON: 1/14/2025
SENATE . . . . . . . . . . . . . . No. 1979
By Mr. Fattman, a petition (accompanied by bill, Senate, No. 1979) of Ryan C. Fattman for
legislation to stimulate small business investment. Revenue.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1805 OF 2023-2024.]
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 stimulating small business investment.
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 appearing in the 2022 Official Edition, is hereby
2amended by inserting after section 38HH the following section:-
3 Section 38NN. A business corporation shall be allowed a credit against its tax liability
4imposed under this chapter equal to not more than the first $500,000 of revenue earned by said
5corporation during the taxable year for which the tax is due. The credit allowed by this section
6shall not reduce the excise to an amount less than the amount due under subsection (b) of section
739 of this chapter.