An Act stimulating small business investment
Generates a plain-language summary of the bill text and history.
| Date | Branch | Action |
|---|---|---|
| 7/23/2026 | House | Accompanied a study order, see H5596↗ |
| 4/1/2026 | Senate | Reporting date extended to Thursday June 25, 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 | House | House concurred |
| 2/27/2025 | Senate | Referred to the committee on Revenue |
No additional cosponsors.
| Committee | Recommendation | Vote |
|---|---|---|
| J26 | Accompanied | — |
Chapter 63 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after section 38HH the following section:-
N. A business corporation shall be allowed a credit against its tax liability imposed under this chapter equal to not more than the first $500,000 of revenue earned by said corporation during the taxable year for which the tax is due. The credit allowed by this section shall not reduce the excise to an amount less than the amount due under subsection (b) of section 39 of this chapter.
Chapter 63 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after section 38HH the following section:- Section 38NN. A business corporation shall be allowed a credit against its tax liability imposed under this chapter equal to not more than the first $500,000 of revenue earned by said corporation during the taxable year for which the tax is due. The credit allowed by this section shall not reduce the excise to an amount less than the amount due under subsection (b) of section 39 of this chapter.