summary
Introduced
01/22/2019
01/22/2019
In Committee
06/24/2020
06/24/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to establishing a tax credit for employment of national guard members. Revenue.
AI Summary
This bill establishes a tax credit for businesses in Massachusetts that employ members of the Massachusetts National Guard. Specifically, it allows a $2,000 tax credit for each National Guard member hired, with an additional $2,000 credit in the subsequent year if the employee's employment is continued. The credit is available to partnerships, limited liability corporations, and other legal entities with 100 or fewer employees, as well as to business corporations with 100 or fewer employees. The total cumulative value of the credits authorized under this bill and a related section of existing law cannot exceed $1,000,000 annually.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 06/24/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2428 |
| Bill | https://malegislature.gov/Bills/191/H2428.pdf |
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