Massachusetts legislation · 194th General Court
Massachusetts S2091: An Act allowing for the deduction of business interest
Status: Failed, July 23, 2026
What the bill says
From the introduced text, February 27, 2025:
SECTION 1. Section 1 of chapter 62 of the General Laws is hereby amended by striking out subsection (c) and inserting in place thereof the following subsection: - (c) “Code”, the Internal Revenue Code of the United States, as amended on January 1, 2005 and in effect for the taxable year; but Code shall mean the Code as amended and in effect for the taxable year for sections 62(a)(1), 72, 105, 106, 139C, 223, 274(m), 274(n), through 420, inclusive, 457, 529, 529A, 530, 951, 951A, 959, 961, 3401 and 3405 but excluding sections 402A and 408(q), and provided further that for purposes of determining the amount of business interest deductible under this chapter, the provisions of section 163(j) of the Code shall not apply. SECTION 2. Section 1 of chapter 63 of the General Laws is hereby amended by striking out the definition of “Code” therein and inserting in place thereof the following definition: - “Code”, the Internal Revenue Code of the United States, as amended and in effect for the taxable year, unless otherwise provided; for sections 163(j), 381(c)(20), 382(d)(3) and 382(k)(1), Code shall mean the Code as amended and in effect for tax years beginning before January 1, 2018. SECTION 3. Section 30 of said chapter 63 is hereby amended by striking out the first sentence of paragraph …
Sponsors
- Tarr, Andrew (D, 5th Essex) · primary sponsor
- Peter Durant (R, Worcester and Hampshire)
Latest actions
- : Accompanied a study order, see H5596
- : Reporting date extended to Thursday June 25, 2026
- : 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>
- : Hearing scheduled for 10/03/2025 from 10:00 AM-05:00 PM in Gardner Auditorium
- : House concurred
- : Referred to the committee on Revenue
Common questions
- What is S2091?
- S2091 is a bill in the Massachusetts Legislature (194th General Court): An Act allowing for the deduction of business interest.
- What is the status of S2091?
- Failed as of July 23, 2026. Latest action: Accompanied a study order, see H5596 (July 23, 2026).
- Who sponsored S2091?
- Tarr, Andrew (D, 5th Essex), with 1 co-sponsor.
- Where is the official record for S2091?
- On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/S2091
Source: official Massachusetts record. Tracked by Delilah, AI for legislation across all 50 states and Congress.