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Bill

S 2015

An Act establishing a tiered corporate minimum tax

194th Legislature (2025-2026) Introduced by Mike Barrett and 3 co-sponsors

Massachusetts bill S 2015 establishes tiered corporate minimum tax requiring large corporations to pay baseline state taxes regardless of reported profitability, generating new state revenue.

Reporting date extended to Thursday June 25, 2026
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Bill Summary · S 2015

Legislative bill overview

S 2015 establishes a tiered corporate minimum tax structure in Massachusetts, requiring corporations to pay a baseline tax amount based on their size or revenue regardless of profitability. The bill aims to ensure larger corporations contribute a minimum level of tax revenue to the state even in years when they report low taxable income.

Why is this important

Corporate minimum taxes directly affect state revenue and business operating costs. Massachusetts relies heavily on income taxes, and a corporate minimum tax could generate new revenue for state services while potentially influencing where large companies choose to operate. This is particularly relevant given Massachusetts' current fiscal pressures and competitive positioning relative to other states.

Potential points of contention

  • Business competitiveness: Critics argue minimum taxes increase operating costs and could drive corporate headquarters or operations to lower-tax states, potentially offsetting revenue gains through reduced business activity
  • Definition and threshold disputes: How the tiered structure is defined (revenue vs. profit thresholds, tier breakpoints) significantly affects which companies pay what amount—small disagreements can create winners and losers
  • Interaction with federal changes: Federal corporate tax policy changes could affect the practical impact and fairness of state-level minimum taxes, creating complexity in administration and compliance

Compiled from official sources — confirm details with the bill’s official record.

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