Bill

Bill > H2811


MA H2811

To establish the micro business employee training and workforce development program


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

For legislation to establish a tax incentive program for micro businesses to hire formerly incarcerated individuals and individuals receiving transitional benefits. Revenue.

AI Summary

This bill establishes the Micro Business Employee Training and Workforce Development Program, which provides tax credits and funding to eligible micro businesses (those with 10 or fewer employees and less than $250,000 in gross profit) that hire formerly incarcerated individuals or individuals receiving transitional assistance. The tax credit is worth $2,000 per eligible hire, and the businesses can receive additional funding from $15,000 in the first year down to $9,000 in the fifth year. The program is administered by the Executive Office of Housing and Economic Development and is funded by a portion of appropriations for various state workforce and re-entry programs.

Committee Categories

Budget and Finance

Sponsors (26)

Last Action

Accompanied a study order, see H4728 (on 06/24/2024)

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/193/H2811
BillText https://malegislature.gov/Bills/193/H2811.pdf
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