Provides preferential tax rates for Massachusetts public benefit corporations meeting employee benefit standards.
This bill amends Massachusetts law to offer a preferential tax rate to public benefit corporations that meet certain employee benefit standards. Eligible corporations must offer at least four out of six specified benefits, including a living wage, paid parental leave, flexible spending accounts, a compensation ratio, and profit sharing. The bill defines a living wage as sufficient to afford a decent standard of living, including essentials like food, housing, and healthcare.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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