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Mass. senators file bill to create tiered corporate minimum tax
Summary
Sen. Adam Gomez filed Senate Bill No. 2015 on Jan. 16, 2025, proposing a tiered corporate minimum tax for corporations doing business in Massachusetts, with minimums ranging from $456 to $150,000 based on in-state sales; the bill would take effect for tax years beginning Jan. 1, 2026.
Sen. Adam Gomez filed legislation in the Massachusetts Senate on Jan. 16, 2025, that would establish a tiered corporate minimum tax for corporations with sales in the commonwealth. The bill, filed as Senate No. 2015 and docketed as Senate Docket No. 1407, sets minimum tax amounts that rise with a corporation's total sales in Massachusetts and would apply to tax years beginning Jan. 1, 2026.
The proposal would amend Section 39 of Chapter 63 of the General Laws to set the following minimum taxes tied to in-state sales: $456 for sales under $1,000,000; $1,500 for sales of $1,000,000 up to but not including $5,000,000; $2,500 for $5,000,000 up to $10,000,000; $3,500 for $10,000,000 up to $25,000,000; $5,000 for $25,000,000 up to $50,000,000; $10,000 for $50,000,000 up to $100,000,000; $25,000 for $100,000,000 up to $500,000,000; $75,000 for $500,000,000 up to $1,000,000,000; and $150,000 for sales of $1,000,000,000 or more. The bill references determination of “total sales of the corporation in the commonwealth” as calculated under subsection (f) of Section 38 of Chapter 63.
The filing lists Adam Gomez as the presenter and names Michael J. Barrett and Manny Cruz as petitioners/co-sponsors. The bill text notes a similar matter was filed in the previous legislative session (Senate No. 1835 of 2023-2024). The act, if enacted in its current form, would amend existing state tax law and states explicitly that it would apply to tax years beginning on or after Jan. 1, 2026.
The text included in the filing is the statutory language of the proposed amendment and does not record floor debate, committee referral, votes, or legislative action beyond the filing. Next steps for the proposal—committee referral, hearings, amendments, or votes—are not specified in the filing document.
