Bill
Bill > H1485
MA H1485
Relative to adopting the new market tax credits program for Massachusetts
summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
By Mr. Cantwell of Marshfield, a petition of James M. Cantwell and others for an investigation by the
AI Summary
This bill directs the Joint Committee on Economic Development and Emerging Technologies to study the benefits of establishing a New Markets Tax Credit program in Massachusetts, similar to the existing federal program. The study will evaluate the potential benefits of such a program, including its ability to enable community development entities to make loans and investments in low-income businesses, create jobs, and generate tax revenue. The study will also review the success of similar state programs in other states and consider how a Massachusetts program could attract private capital and promote economic development in the state's low-income communities. The study is required to be completed by July 1, 2017.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
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/190/H1485 |
| Bill | https://malegislature.gov/Bills/190/H1485.pdf |
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