Massachusetts S1979 provides a tax credit for small businesses earning up to $500,000 in revenue.

Massachusetts S1979 amends Chapter 63 of the General Laws to introduce a tax credit for business corporations. This credit applies to the first $500,000 of revenue earned by a corporation during a taxable year, providing relief to small businesses. The credit cannot reduce the excise below the amount due under subsection (b) of section 39. This measure aims to stimulate small business investment by easing the tax burden on smaller enterprises.

Massachusetts S1979 provides a tax credit for small businesses earning up to $500,000 in revenue.

Massachusetts S1979 amends Chapter 63 of the General Laws to introduce a tax credit for business corporations. This credit applies to the first $500,000 of revenue earned by a corporation during a taxable year, providing relief to small businesses. The credit cannot reduce the excise below the amount due under subsection (b) of section 39. This measure aims to stimulate small business investment by easing the tax burden on smaller enterprises.