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Bill > H2487


MA H2487

MA H2487
Establishing a commission to study the offshore wind investment tax credit


summary

Introduced
01/22/2019
In Committee
07/28/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish a special commission (including members of the General Court) to study the offshore wind investment tax credit. Revenue.

AI Summary

This bill establishes a commission to study the impact of the expiration of the offshore wind investment tax credit on the offshore wind industry in Massachusetts. The commission will examine the benefits of the tax credit and consider the negative consequences of its expiration, including economic development, labor and workforce, industry growth, and the ability to attract the offshore wind supply chain. The commission will also consider policies and programs that could mitigate any negative impacts. The commission will be composed of various state officials and industry representatives, and will report its findings and recommendations to the state legislature within 12 months of the bill's effective date.

Committee Categories

Budget and Finance

Sponsors (15)

Last Action

Committee recommended ought to pass and referred to the committee on House Ways and Means (on 07/28/2020)

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