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Massachusetts Senate Bill 2043 doubles small business tax receipt thresholds and links future increases to inflation

Original title: An Act relative to the taxation of small business in the commonwealth

Last action · July 23, 2026: Accompanied a study order, see H5596Sponsor: Mike Moore

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Would Do

Massachusetts Bill S.2043 doubles the gross receipts thresholds required for small business tax classifications from $6,000,000 to $12,000,000 and from $9,000,000 to $18,000,000, while establishing automatic adjustments based on the .

Why it matters

Qualifying small businesses gain access to modified tax thresholds without immediate disqualification due to inflation, altering tax liabilities and compliance criteria for mid-sized firms.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Small business owners in Massachusetts

Qualifying corporations experience altered gross receipt thresholds and inflation-adjusted bracket limits for tax purposes under chapter 63.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What are the new receipt threshold amounts under S.2043?
The bill doubles the figures from $6,000,000 to $12,000,000 and from $9,000,000 to $18,000,000.
How will future adjustments to the thresholds be determined?
Thresholds will increase by the percentage of the from the previous calendar year issued by the federal Bureau of Labor Statistics, or remain the same if the index decreases.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

Currently passed chamber. The next step in the legislative lifecycle is Law.

Procedural history

6 actions
  1. Jul 23, 2026House
    Accompanied a study order, see H5596
  2. Apr 1, 2026Senate
    Reporting date extended to Thursday June 25, 2026
  3. Oct 3, 2025Joint
    Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium <br> <span style="color: blue; font-style: italic;">Hearing updated to New End Time</span>
  4. Sep 24, 2025Joint
    Hearing scheduled for 10/03/2025 from 10:00 AM-05:00 PM in Gardner Auditorium
  5. Feb 27, 2025House
    House concurred
  6. Feb 27, 2025SenateCommittee
    Referred to the committee on Revenue

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Connected Entities

General Laws, Bureau of Labor Statistics
otherGeneral Laws“Chapter 63, Section 32D of the Massachusetts General Laws”Map →
OrganizationBureau of Labor Statistics“Federal agency that issues the Consumer Price Index”Map →

Sources

Open source document

malegislature.gov

Analysis Score

0–100
  • Significance45
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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