S1979 • 2025

An Act stimulating small business investment

Small Business Taxes

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Ryan C. Fattman
Last action: 2026-04-01
Official status: Reporting date extended to Thursday June 25, 2026
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act stimulating small business investment

An Act stimulating small business investment By Mr.

What This Bill Does

An Act stimulating small business investment By Mr.
Fattman, a petition (accompanied by bill, Senate, No.
1979) of Ryan C.
Fattman for legislation to stimulate small business investment.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-04-01 Senate
Reporting date extended to Thursday June 25, 2026
2025-10-03 Joint
Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium Hearing updated to New End Time
2025-09-24 Joint
Hearing scheduled for 10/03/2025 from 10:00 AM-05:00 PM in Gardner Auditorium
2025-02-27 Senate
Referred to the committee on Revenue
2025-02-27 House
House concurred

Official Summary Text

An Act stimulating small business investment
By Mr. Fattman, a petition (accompanied by bill, Senate, No. 1979) of Ryan C. Fattman for legislation to stimulate small business investment. Revenue.

Current Bill Text

Read the full stored bill text

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Bill S.1979

Chapter 63 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after section 38HH the following section:-

Section 38NN. A business corporation shall be allowed a credit against its tax liability imposed under this chapter equal to not more than the first $500,000 of revenue earned by said corporation during the taxable year for which the tax is due. The credit allowed by this section shall not reduce the excise to an amount less than the amount due under subsection (b) of section 39 of this chapter.

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