Bill
Bill > H288
MA H288
MA H288Relative to providing relief for micro businesses for the duration of executive order 591 in response to the COVID-19 outbreak
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to a micro-business stimulus package due to the COVID-19 pandemic. Community Development and Small Businesses.
AI Summary
This bill establishes the COVID-19 Micro Business Economic Stimulus Fund, which will provide grants of at least $15,000 to Massachusetts micro businesses (those with fewer than 5 employees and 2018 gross receipts of no more than $200,000) that have experienced credible revenue losses due to the COVID-19 pandemic and related executive orders. At least $11,250 of each grant must be used for employee payments, and at least $3,750 must be used to mitigate general operating losses. The bill directs the state's Executive Office of Housing and Economic Development to administer the fund and promulgate necessary regulations. It also requires an initial $50 million transfer from the General Fund to the COVID-19 Micro Business Relief Fund to support the grants.
Committee Categories
Business and Industry
Sponsors (11)
Carlos González (D)*,
Gerry Cassidy (D),
Marcos Devers (D),
Nika Elugardo (D),
Christina Minicucci (D),
Liz Miranda (D),
Dave Robertson (D),
Lindsay Sabadosa (D),
Dan Sena (D),
Steve Ultrino (D),
Bud Williams (D),
Last Action
Accompanied a study order, see H5027 (on 08/22/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H288 |
| Bill | https://malegislature.gov/Bills/192/H288.pdf |
Loading...