MA H1508

Bill

Regarding economic development to enable state residents to attract out-of-state businesses through financial incentives

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to creating a tax incentive program for new business growth. Revenue.

AI Summary

This bill directs the Department of Revenue to prepare a feasibility study and draft legislation to create a tax incentive program to encourage Massachusetts residents to attract new businesses to the state. The program would provide tax credits to residents who successfully bring new businesses to Massachusetts, with the credits being calculated based on a percentage of the new tax revenue generated by the business. The credits would be applied to the resident's state and local tax liabilities over a three-year period. The bill also includes provisions to protect the confidentiality of tax data from the new businesses.

Committee Categories

Budget and Finance

Sponsors (4)

Dan Donahue (D), Mary Keefe (D), John Mahoney (D), Mike Moore (D),

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

Official Document

https://malegislature.gov/Bills/190/H1508

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H1508
Bill	https://malegislature.gov/Bills/190/H1508.pdf

Bill	Bill Name	Last Action	Type
H1348	Relative to certain state employees of the Department of Revenue	Accompanied a study order, see H4654	Similar To
H1584	Relative to DOR audits on senior citizens	Accompanied a study order, see H4244	Similar To
H1641	Establishing a tax incentive for small property improvements	Accompanied a study order, see H4244	Similar To
H216	Relative to the development of a strategy supporting micro businesses in inner city communities	Accompanied a new draft, see H4406	Similar To
H2612	Relative to fire sprinkler installation incentives	Accompanied a study order, see H4244	Similar To
H4244	House study order	No further action taken	Replaced by
S1573	Relative to equalizing the Department of Revenue interest rates	Accompanied S1604	Similar To
S1609	Enhancing Department of Revenue reporting	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1716	To require periodic regulatory review at the Department of Revenue	Accompanied a study order, see H4481	Similar To

Bill > H1508

MA H1508

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

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