Bill > H5436

This bill establishes the Massachusetts Quantum Center, a public instrumentality tasked with fostering the growth of quantum science industries in the Commonwealth through investment and tax incentive programs. The Center will be governed by a board of commissioners and will administer a quantum investment program, offering certified quantum companies access to tax incentives, grants, loans, and equity investments. It also creates several funds, including the Massachusetts Quantum Investment Fund, the Small Business Equity Investment Fund, the Higher Education Grant Fund, and the Massachusetts Small Business Matching Grant Fund, to support research, development, manufacturing, commercialization, education, and job creation within the quantum sector. The bill defines key terms like "quantum company" and "certified quantum company" and outlines the certification process, eligibility criteria, and benefits for companies participating in these programs. Additionally, it mandates a study on the current status of quantum science industries and amends existing law to provide sales and use tax exemptions for qualified quantum corporations and data centers.