Bill Text: MA H2742 | 2009-2010 | 186th General Court | Introduced
Bill Title: Provide a tax credit to communities hosting businesses subject to the sales tax or meals tax
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 7/8 at 10:00 AM in Hearing Room B2 [H2742 Detail]
Download: Massachusetts-2009-H2742-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Paul K. Frost
_______________
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 passage of the accompanying bill:
An Act offering tax relief to communities with taxable businesses.
_______________
PETITION OF:
|
Name: |
District/Address: |
[SIMILAR MATTER FILED IN PREVIOUS
SESSION
SEE HOUSE, NO. 2914 OF 2007-2008.]
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
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An Act offering tax relief to communities with taxable businesses.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
Section 6I of Chapter 62 of the General Laws is hereby amended by inserting the following section:--
Chapter 62: Section 6J Tax Credit for Communities Hosting Taxable Businesses
Section 6J. Any community with a population under 20,000 people that hosts businesses, corporations, or organizations that are subject to state sales or meals taxes shall be granted a tax credit in the amount of 0.25 percent of the total amount of sales and meals taxes collected from said establishments within the community, for the previous taxable year, to be used for the purpose of offsetting costs incurred by the community to accommodate the businesses.
