Massachusetts legislation · 194th General Court
Massachusetts S2041: An Act closing a corporate tax haven loophole
Status: In committee, July 9, 2026
What the bill says
From the introduced text, February 27, 2025:
Section 32B of chapter 63 of the General Laws is hereby amended by inserting after subsection (c)(3)(iii), the following subsections: (v) any member incorporated in a jurisdiction defined herein as a tax haven, including Andorra, Anguilla, Antigua and Barbuda, Aruba, the Bahamas, Bahrain, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Cook Islands, Cyprus, Dominica, Gibraltar, Grenada, Guernsey-Sark-Alderney, Hong Kong, Isle of Man, Jersey, Liberia, Liechtenstein, Luxembourg, Malta, Mauritius, the Kingdom of the Netherlands, San Marino, Seychelles, Singapore, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Switzerland, Turks and Caicos Islands, U.S. Virgin Islands, and Vanuatu. (vi) On a biannual basis, the commissioner shall submit a report to the Legislature. The report shall include recommendations for legislation related to tax haven jurisdictions listed in subsection (c)(3)(iv), including recommendations for additions to or subtractions from the list. This report shall be made available to the public. (viii) In developing its annual report and for the purposes of this section, the commissioner shall consider a tax haven a jurisdiction that, during the tax year in question has no or nominal effective tax on the relevant income and that meets at least two of the following three criteria: a. The income being reported by a member to the suspected tax haven jurisdiction is disproportionately large as compared to the average …
Sponsors
- Mark Montigny (D, Second Bristol and Plymouth) · primary sponsor
- Rebecca Rausch (D, Norfolk, Worcester and Middlesex)
Latest actions
- : Bill reported favorably by committee and referred to the committee on Senate Ways and Means
- : 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
Votes
- Committee Vote - Joint Committee on Revenue (June 25, 2026): 5 yea, 0 nay, passed
Common questions
- What is S2041?
- S2041 is a bill in the Massachusetts Legislature (194th General Court): An Act closing a corporate tax haven loophole.
- What is the status of S2041?
- In committee as of July 9, 2026. Latest action: Bill reported favorably by committee and referred to the committee on Senate Ways and Means (July 9, 2026).
- Who sponsored S2041?
- Mark Montigny (D, Second Bristol and Plymouth), with 1 co-sponsor.
- Where is the official record for S2041?
- On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/S2041
Source: official Massachusetts record. Tracked by Delilah, AI for legislation across all 50 states and Congress.