Bill > S2810

This bill, known as the FIRST Act, aims to promote investment and research in fusion energy technology in Massachusetts. Key provisions include: - Establishing the Massachusetts Fusion Energy Council to administer a fusion energy tax incentive program, a Fusion Energy Development Fund, and a Fusion Energy Scholarship Fund. The Council will be responsible for certifying eligible fusion energy companies and providing tax credits and other incentives to support their growth. - Creating tax credits and refundable jobs credits for certified fusion energy companies to encourage investment in qualifying property and the creation of at least 50 new full-time positions in the state. - Establishing a Fusion Energy Scholarship Program to provide tuition assistance for graduate students and postdoctoral researchers studying plasma physics and fusion energy science at Massachusetts institutions. - Requiring the Massachusetts Clean Energy Technology Center and the Massachusetts Fusion Energy Council to collaborate on establishing a research center focused on plasma science and fusion energy at a public institution of higher education in the state. The overall goal of the bill is to position Massachusetts as a leader in the development and commercialization of fusion energy technology, with a focus on attracting new fusion energy companies, supporting research and workforce development, and generating economic growth and new state revenue.

Budget and Finance

https://malegislature.gov/Bills/193/S2810