An Act granting an income tax exemption for new manufacturing corporations
Generates a plain-language summary of the bill text and history.
| Date | Branch | Action |
|---|---|---|
| 4/21/2026 | House | Accompanied a study order, see H5313↗ |
| 2/25/2026 | House | Reporting date extended to Wednesday, March 18, 2026 |
| 12/18/2025 | House | Reporting date extended to Friday, February 20, 2026 |
| 10/3/2025 | Joint | Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium — Hearing updated to New End Time |
| 9/24/2025 | Joint | Hearing scheduled for 10/03/2025 from 10:00 AM-05:00 PM in Gardner Auditorium |
| 2/27/2025 | Senate | Senate concurred |
| 2/27/2025 | House | Referred to the committee on Revenue |
| Committee | Recommendation | Vote |
|---|---|---|
| J26 | Accompanied | — |
Chapter 63 of the General Laws, as most recently amended by section 7 of chapter 88 of the acts of 2024, is hereby further amended by inserting, after section 38NN, the following new section:-
O. Upon incorporating in the commonwealth, any manufacturing corporation, as defined by section 42B of this chapter, shall not be subject to taxation of income, as defined under this chapter, for income generated during its first five years of operation, provided that no less than 50 per cent of the corporation’s revenues from manufactured goods derive from the sale of consumer goods. For the purposes of this section, consumer goods shall mean tangible property intended to be purchased by individuals for personal use.
Chapter 63 of the General Laws, as most recently amended by section 7 of chapter 88 of the acts of 2024, is hereby further amended by inserting, after section 38NN, the following new section:- SECTION 38OO. Upon incorporating in the commonwealth, any manufacturing corporation, as defined by section 42B of this chapter, shall not be subject to taxation of income, as defined under this chapter, for income generated during its first five years of operation, provided that no less than 50 per cent of the corporation’s revenues from manufactured goods derive from the sale of consumer goods. For the purposes of this section, consumer goods shall mean tangible property intended to be purchased by individuals for personal use.