Exempts small businesses from telecommunications tax in Massachusetts.

Massachusetts H3142 amends Chapter 64H of the General Laws to exempt small businesses from the telecommunications tax. This exemption applies to independently owned and operated businesses that qualify as small businesses under the Small Business Administration criteria and employ fewer than 100 employees or have annual retail and service industry revenue under $2 million. The bill aims to alleviate tax burdens on small businesses, potentially encouraging growth and stability within the local economy.

Exempts small businesses from telecommunications tax in Massachusetts.

Massachusetts H3142 amends Chapter 64H of the General Laws to exempt small businesses from the telecommunications tax. This exemption applies to independently owned and operated businesses that qualify as small businesses under the Small Business Administration criteria and employ fewer than 100 employees or have annual retail and service industry revenue under $2 million. The bill aims to alleviate tax burdens on small businesses, potentially encouraging growth and stability within the local economy.