Bill > S2090

This bill proposes to create a new tax credit for corporations in Massachusetts that invest in renewable energy production. The credit provides a graduated tax reduction based on the amount of renewable energy generated, ranging from 0.7% for corporations producing 0-14 megawatts to 10.5% for those generating 141-150 megawatts. The renewable energy sources eligible for the credit include wind turbine energy, solar panels, hydroelectric energy, geothermal energy, and nuclear energy. The credit would be assessed against the total taxes owed by a corporation within Massachusetts, effectively providing a financial incentive for companies to increase their renewable energy production. By offering increasingly larger tax credits for higher levels of renewable energy generation, the bill aims to encourage corporations to invest in and expand clean energy infrastructure in the state.

Budget and Finance

https://malegislature.gov/Bills/194/S2090