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S 2043

Requires a joint report by the state board of elections and state education department concerning the safety of students and staff at schools used as polling places for elections

2025 Regular Session Introduced by Dean Murray and 1 co-sponsor

Raises small-business receipts thresholds for Massachusetts taxes from 6M/9M to 12M/18M and ties annual increases to CPI changes.

REFERRED TO ELECTIONS
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Bill Summary · S 2043

Bill Summary — S.2043

Note: the materials provided contain conflicting metadata. The bill title and some procedural entries refer to election/school safety matters, while the actual bill text is a Massachusetts tax measure increasing small‑business thresholds. The summary below is based on the bill text (the operative language). Where metadata conflicts, that inconsistency is noted in the Procedural History section.

Bill identifiers

  • Bill number: S 2043
  • Filed: January 8, 2025 (Senate docket no. 119)
  • Short description (from text): "An Act relative to the taxation of small business in the commonwealth."
  • Jurisdiction (by text): Commonwealth of Massachusetts

Main purpose

To raise the statutory "total receipts" thresholds that define certain small‑business tax classifications in Massachusetts (chapter 63, section 32D) and to index those thresholds annually to the Consumer Price Index (CPI).

Key provisions

  • Amends Section 32D of Chapter 63 (General Laws) to change two numeric thresholds:
    • Where the statute currently uses “$6,000,000,” it is replaced with “$12,000,000.”
    • Where the statute currently uses “$9,000,000,” it is replaced with “$18,000,000.”
  • Adds an annual adjustment rule: the total receipts thresholds shall increase each year by the percentage change in the Consumer Price Index (CPI) from the previous calendar year, as published by the Bureau of Labor Statistics. If the CPI decreases, the thresholds remain the same (no downward adjustment).

Who would be affected

  • Small businesses and entities whose tax status or eligibility depends on the "total receipts" thresholds in G.L. c.63, §32D. By raising thresholds, more businesses with receipts between the old and new amounts (roughly $6M–$12M and $9M–$18M ranges) would qualify under the more favorable small‑business classification or related tax treatment defined in §32D.
  • State tax administration agencies that implement and apply these thresholds will need to adopt the annual CPI update process.

Potential impact

  • Administrative: The Department of Revenue would implement the new thresholds and apply the annual CPI adjustments.
  • Fiscal: Expanding thresholds could reduce state tax liabilities for businesses newly qualifying as "small" under §32D, with a corresponding potential reduction in state tax revenue. The size of the revenue effect would depend on how many taxpayers fall into the affected receipts ranges; a formal fiscal note would be required for a precise estimate.
  • Predictability: Indexing to CPI reduces the need for frequent statutory updates to thresholds.

Procedural history and status (conflicting records)

Provided records are inconsistent:
- Bill text filed Jan 8, 2025 (Senate docket no. 119).
- Some entries show actions such as "REFERRED TO ELECTIONS" (1/15/2025) and hearings scheduled in October 2025, while others show referral to the committee on Revenue (2/27/2025) and that the House concurred (2/27/2025). These entries appear contradictory and may reflect mixed metadata from different bills or clerical errors.
- Sponsors listed (Mike Lee, Dean Murray, Anthony H. Palumbo) and related bills include identifiers (HR 3940, A 2610, SD 119) that do not clearly align with the Massachusetts filing; this may reflect cross‑jurisdictional data conflation.

If you want, I can:
- Produce a clean timeline assuming the Massachusetts context only, or
- Investigate and reconcile the conflicting metadata (sponsor/state discrepancies and committee assignments).

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

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