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Bill > S1573


MA S1573

MA S1573
Relative to the creation of a training tax credit


summary

Introduced
04/15/2015
In Committee
04/15/2015
Crossed Over
Passed
Dead
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)

bill text


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