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Bill > H2924


MA H2924

Establishing a commission to study the offshore wind investment tax credit


summary

Introduced
03/29/2021
In Committee
05/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd 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 special commission to study the impact of the expiration of the offshore wind Investment Tax Credit on the offshore wind industry in the Commonwealth of Massachusetts. The commission will examine the benefits derived from the tax credit and consider the potential negative consequences to economic development, labor and workforce, industry growth, and the ability to attract the offshore wind supply chain upon its expiration. The commission will also explore policies and programs that could mitigate any negative impacts resulting from the tax credit's expiration. The commission will be comprised of various state government officials and leaders from the offshore wind industry, and it will submit a report with its findings and recommendations to the state legislature within 12 months of the bill's effective date.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

No further action taken (on 01/03/2023)

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