Bill > S1895

This bill aims to support regional economic development and transit in Massachusetts. It amends the state's corporate minimum tax law to increase the minimum tax amounts for corporations based on their sales volumes in the Commonwealth. The bill directs 50% of the funds received from these higher minimum taxes to be placed in a newly established Regional Transportation Trust Fund, which will be used to develop a competitive grant program for regional transit authorities to invest in clean energy infrastructure and service expansion. The remaining 50% of the funds will be allocated to the Massachusetts Growth Capital Corporation to fund a grant program for businesses pursuing clean energy improvements. The bill provides details on the structure and administration of the Regional Transportation Trust Fund.

Budget and Finance

https://malegislature.gov/Bills/193/S1895