summary
Introduced
06/27/2024
06/27/2024
In Committee
07/08/2024
07/08/2024
Crossed Over
07/11/2024
07/11/2024
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to strengthening Massachusetts’ economic leadership
AI Summary
This bill aims to strengthen Massachusetts' economic leadership through various measures, including:
1. Providing funding for a range of economic development initiatives, such as grants and investments in life sciences, climatetech, digital interactive media, alternative proteins, rural development, tourism, and infrastructure projects.
2. Establishing new tax credits and incentives, including a live theater tax credit, a digital interactive media tax credit, and a climatetech tax incentive program. The bill also provides sales tax exemptions for qualified data centers and digital interactive media production companies.
3. Modifying the Economic Development Incentive Program (EDIP) to expand the types of projects that can be certified and provide more flexibility in structuring the tax credits.
4. Establishing a permit regulatory office within the Executive Office of Economic Development to assist businesses with permitting and regulatory matters.
5. Creating a rural policy advisory commission and a rural development program to promote economic opportunity in rural communities.
6. Making various changes to civil service laws to streamline hiring and increase workforce diversity in municipal public safety departments.
7. Providing a 2-year extension for certain state and local approvals that were in effect during the COVID-19 pandemic.
The bill also includes provisions related to travel insurance, electric vehicle charging stations, social worker education and training, and the racing industry. Overall, the key focus is on driving economic growth, innovation, and job creation throughout Massachusetts.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
Accompanied H5100 (on 11/13/2024)
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/193/H4804 |
BillText | https://malegislature.gov/Bills/193/H4804.pdf |
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