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
For legislation to provide certain tax incentives for the establishment of a robotics center in the Commonwealth. Revenue.
AI Summary
This bill establishes the Massachusetts Robotics Center, a public instrumentality that will be responsible for administering a Commonwealth Robotics Investment Program and a Robotics Tax Incentive Program. The Center will have the power to certify eligible robotics companies, which can then receive various benefits such as tax incentives, grants, loans, and other assistance. The bill also creates three funds - the Massachusetts Robotics Investment Fund, the Massachusetts Small Business Matching Grant Fund, and the Massachusetts Robotics Education Fund - to provide financing and support for robotics research, development, manufacturing, and education in the Commonwealth. Additionally, the bill allows for the establishment of an optional retirement program for employees of the Center and provides certain tax credits and exemptions for certified robotics companies.
Committee Categories
Budget and Finance
Sponsors (3)
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/H1503 |
| Bill | https://malegislature.gov/Bills/190/H1503.pdf |
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