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| 2 | 2 | | SENATE DOCKET, NO. 1407 FILED ON: 1/16/2025 |
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| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 2015 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Adam Gomez |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act establishing a tiered corporate minimum tax. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :Adam GomezHampdenMichael J. BarrettThird Middlesex2/4/2025Manny Cruz7th Essex2/12/2025 1 of 3 |
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| 16 | 16 | | SENATE DOCKET, NO. 1407 FILED ON: 1/16/2025 |
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| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 2015 |
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| 18 | 18 | | By Mr. Gomez, a petition (accompanied by bill, Senate, No. 2015) of Adam Gomez, Michael J. |
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| 19 | 19 | | Barrett and Manny Cruz for legislation to establish a tiered corporate minimum tax. Revenue. |
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| 20 | 20 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 21 | 21 | | SEE SENATE, NO. 1835 OF 2023-2024.] |
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| 22 | 22 | | The Commonwealth of Massachusetts |
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| 23 | 23 | | _______________ |
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| 24 | 24 | | In the One Hundred and Ninety-Fourth General Court |
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| 25 | 25 | | (2025-2026) |
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| 26 | 26 | | _______________ |
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| 27 | 27 | | An Act establishing a tiered corporate minimum tax. |
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| 28 | 28 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 29 | 29 | | of the same, as follows: |
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| 30 | 30 | | 1 SECTION 1. Section 39 of chapter 63 of the General Laws, as appearing in the 2022 |
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| 31 | 31 | | 2Official Edition, is amended by striking out subsection (b) and inserting in place thereof the |
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| 32 | 32 | | 3following subsection:- |
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| 33 | 33 | | 4 (b) A minimum tax as follows: |
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| 34 | 34 | | 5 (1) If the total sales of the corporation in the commonwealth during the taxable year, as |
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| 35 | 35 | | 6determined pursuant to subsection (f) of section 38, are less than $1,000,000, the minimum tax |
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| 36 | 36 | | 7shall be $456. |
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| 37 | 37 | | 8 (2) If the total sales of the corporation in the commonwealth during the taxable year, as |
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| 38 | 38 | | 9determined pursuant to subsection (f) of section 38, are equal to or greater than $1,000,000 and |
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| 39 | 39 | | 10less than $5,000,000, the minimum tax shall be $1,500. 2 of 3 |
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| 40 | 40 | | 11 (3) If the total sales of the corporation in the commonwealth during the taxable year, as |
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| 41 | 41 | | 12determined pursuant to subsection (f) of section 38, are equal to or greater than $5,000,000 and |
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| 42 | 42 | | 13less than $10,000,000, the minimum tax shall be $2,500. |
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| 43 | 43 | | 14 (4) If the total sales of the corporation in the commonwealth during the taxable year, as |
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| 44 | 44 | | 15determined pursuant to subsection (f) of section 38, are equal to or greater than $10,000,000 and |
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| 45 | 45 | | 16less than $25,000,000, the minimum tax shall be $3,500. |
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| 46 | 46 | | 17 (5) If the total sales of the corporation in the commonwealth during the taxable year, as |
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| 47 | 47 | | 18determined pursuant to subsection (f) of section 38, are equal to or greater than $25,000,000 and |
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| 48 | 48 | | 19less than $50,000,000, the minimum tax shall be $5,000. |
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| 49 | 49 | | 20 (6) If the total sales of the corporation in the commonwealth during the taxable year, as |
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| 50 | 50 | | 21determined pursuant to subsection (f) of section 38, are equal to or greater than $50,000,000 and |
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| 51 | 51 | | 22less than $100,000,000, the minimum tax shall be $10,000. |
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| 52 | 52 | | 23 (7) If the total sales of the corporation in the commonwealth during the taxable year, as |
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| 53 | 53 | | 24determined pursuant to subsection (f) of section 38, are equal to or greater than $100,000,000 |
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| 54 | 54 | | 25and less than $500,000,000, the minimum tax shall be $25,000. |
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| 55 | 55 | | 26 (8) If the total sales of the corporation in the commonwealth during the taxable year, as |
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| 56 | 56 | | 27determined pursuant to subsection (f) of section 38, are equal to or greater than $500,000,000 |
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| 57 | 57 | | 28and less than $1,000,000,000, the minimum tax shall be $75,000. |
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| 58 | 58 | | 29 (9) If the total sales of the corporation in the commonwealth during the taxable year, as |
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| 59 | 59 | | 30determined pursuant to subsection (f) of section 38, are equal to or greater than $1,000,000,000 |
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| 60 | 60 | | 31the minimum tax shall be $150,000. 3 of 3 |
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| 61 | 61 | | 32 SECTION 2. This Act shall apply to tax years beginning on or after January 1, 2026. |
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