summary
Introduced
04/15/2015
04/15/2015
In Committee
04/15/2015
04/15/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation relative to the creation of a training tax credit. Revenue.
AI Summary
This bill establishes a new training tax credit for employers in Massachusetts, allowing them to receive a credit of $500 for each newly hired full-time employee who is employed for at least two weeks, with a maximum credit of $25,000 per business annually. This credit applies to training costs incurred by the employer, whether conducted internally or through a third-party facility, and is intended to incentivize businesses to invest in their workforce. However, this provision is temporary and will expire on July 1, 2019.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Accompanied a study order, see S2290 (on 05/12/2016)
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/189/Senate/S1573 |
| State Bill Page | https://malegislature.gov/Bills/189/S1573 |
| Bill | https://malegislature.gov/Bills/189/S1573.pdf |
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