Massachusetts H3023 would exempt small charities from the tax on raffle proceeds.

Massachusetts H3023 amends Section 7A of Chapter 271 of the General Laws to exempt small charities from the tax on raffle proceeds. Specifically, it inserts language to exempt charities with raffle proceeds over $12,000. This bill aims to provide relief to smaller charitable organizations by reducing their tax burden on raffle proceeds.

Massachusetts H3023 would exempt small charities from the tax on raffle proceeds.

Massachusetts H3023 amends Section 7A of Chapter 271 of the General Laws to exempt small charities from the tax on raffle proceeds. Specifically, it inserts language to exempt charities with raffle proceeds over $12,000. This bill aims to provide relief to smaller charitable organizations by reducing their tax burden on raffle proceeds.