summary
Introduced
03/03/2022
03/03/2022
In Committee
03/03/2022
03/03/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to investment in Massachusetts-based jobs, reports the accompanying bill (Senate, No. 2735).
AI Summary
This bill aims to promote investment in Massachusetts-based jobs by amending the state's economic development laws. It gives preference to businesses that locate their global or national headquarters and executive operations within the Commonwealth when awarding tax credits and other incentives. Additionally, the bill establishes an incentive program to encourage these businesses to hire and retain new, permanent, full-time employees in Massachusetts, without requiring them to invest in improvements to receive the tax credits. The bill also directs the Economic Assistance Coordinating Council (EACC) to give special consideration to the impact of investment and job growth in rural and seasonal communities within the Commonwealth.
Committee Categories
Budget and Finance
Sponsors (1)
Other Sponsors (1)
Committee on Economic Development and Emerging Technologies (Joint)
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/03/2022)
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/192/S2735 |
| Bill | https://malegislature.gov/Bills/192/S2735.pdf |
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