Bill > S1954

This bill proposes to amend the Massachusetts General Laws to create a tax credit for employers who incur eligible expenses for the purpose of recruiting and retaining employees. Eligible expenses include those related to education, skills training, transportation, housing, tools, or equipment for eligible employees. The total amount of the credit is capped at $50 million, and no single employer can claim the credit for more than 3 employees. Employers must certify that the employee will remain employed for at least 24 months, and if the employee does not, the employer must forfeit the credit and reimburse the commonwealth. The provisions of the bill will expire after 5 years, unless otherwise terminated, modified, or extended.

Budget and Finance

https://malegislature.gov/Bills/193/S1954