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.

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.