Bill
H 1256
Overview: H 1256 - An Act reducing the costs for small businessStatus: Hearing rescheduled to 10/22/2025 from 10:30 AM-11:40 AM in B-1 and Virtual Hearing updated to New End TimeIn
Overview: H 1256 - An Act reducing the costs for small business
Status: Hearing rescheduled to 10/22/2025 from 10:30 AM-11:40 AM in B-1 and Virtual Hearing updated to New End Time
Introduced: February 27, 2025
Purpose and Intent: This bill aims to provide relief and support for small businesses in Massachusetts by reducing various costs and administrative burdens they face.
Key Provisions:
- Establishes a tax credit for small businesses (defined as those with fewer than 50 employees) to offset the cost of providing health insurance to their employees
- Reduces the state's sales tax rate from 6.25% to 5% for small businesses
- Streamlines and simplifies the state's business registration and licensing requirements
- Provides grants to small businesses to offset the cost of compliance with new state regulations
Affected Parties and Impacts:
- Small businesses in Massachusetts, who will benefit from the reduced costs and administrative burdens
- Employees of small businesses, who may have improved access to affordable health insurance
- The state government, which will see a reduction in tax revenue from the sales tax and health insurance tax credit provisions
Procedural and Timeline Considerations:
- The bill is currently in the hearing stage, with a rescheduled hearing set for October 22, 2025
- If passed, the various cost-saving measures would take effect within 6 months of the bill's enactment
Compiled from official sources — confirm details with the bill’s official record.
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