MA S1673

Bill

Establishing the Massachusetts rural jobs act

Introduced
01/22/2019

In Committee
05/21/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish the Massachusetts rural jobs act. Revenue.

AI Summary

This bill establishes the Massachusetts Rural Jobs Act to attract capital investment to businesses in rural areas of the commonwealth in order to promote job retention and creation. The bill creates a tax credit program where eligible investors can receive tax credits for contributing capital to designated "rural growth funds" that in turn invest in qualifying rural businesses. The bill outlines the application process for rural growth funds, the requirements for receiving and maintaining the tax credits, and reporting and oversight measures. The goal is to spur economic growth and job opportunities in rural parts of Massachusetts.

Committee Categories

Budget and Finance

Sponsors (9)

Michael Brady (D), Jo Comerford (D), Julian Cyr (D), David DeCoste (R), Susan Gifford (R), Anne Gobi (D), Adam Hinds (D), Steven Howitt (R), Norm Orrall (R),

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 05/21/2020)

Official Document

https://malegislature.gov/Bills/191/S1673

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1673
Bill	https://malegislature.gov/Bills/191/S1673.pdf

Bill	Bill Name	Last Action	Type
H183	Relative to the development of a strategy supporting micro businesses in inner city communities	Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next sitting, the question being on acceptance	Similar To
H195	Allowing businesses to sign up for the "Do Not Call" list	Accompanied a study order, see H5043	Similar To
H221	Allowing businesses to sign up for the "Do Not Call" list	Accompanied a study order, see H5043	Similar To
H329	Prohibiting intentional misrepresentation by a business of its location	Accompanied a study order, see H5043	Similar To
H3549	To promote economic development and market access for emerging businesses	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
S1809	Relative to diverse marketing programs	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S221	To invest in Massachusetts citizens	Accompanied a study order, see S2537	Similar To
S2223	To commission a study on small manufacturing businesses in Massachusetts	Accompanied a study order, see S2533	Similar To
S599	To provide immediate relief to businesses on health care costs	Accompanied a study order, see S2543	Similar To
S687	To provide immediate relief to businesses on health care costs	Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session	Similar To

Bill > S1673

MA S1673

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (9)

Last Action

Official Document

bill text

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