Massachusetts H3248 grants an income tax exemption for new manufacturing corporations during their first five years of operation.

Massachusetts H3248 introduces an income tax exemption for new manufacturing corporations during their first five years of operation. This exemption applies if at least 50% of the corporation's revenue from manufactured goods comes from the sale of consumer goods. The bill amends Chapter 63 of the General Laws to include this new tax exemption.

Massachusetts H3248 grants an income tax exemption for new manufacturing corporations during their first five years of operation.

Massachusetts H3248 introduces an income tax exemption for new manufacturing corporations during their first five years of operation. This exemption applies if at least 50% of the corporation's revenue from manufactured goods comes from the sale of consumer goods. The bill amends Chapter 63 of the General Laws to include this new tax exemption.