summary
Introduced
03/12/2018
03/12/2018
In Committee
03/12/2018
03/12/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Enhancing opportunities for all
AI Summary
This bill, titled "Enhancing opportunities for all", provides funding and makes various policy changes to promote economic development and job creation in Massachusetts. Key provisions of the bill include:
- Providing $538.75 million in state bond funding for economic development initiatives, including a grant program for coastal communities, the MassWorks infrastructure program, and competitive grants for career technical education and training programs.
- Creating a new "regional development investment program" to provide state funding for public infrastructure improvements that support significant regional economic development projects.
- Expanding the state's Economic Development Incentive Program (EDIP) tax credits, including allowing the state to designate certain projects as "extraordinary economic development opportunities" eligible for additional tax credits.
- Establishing a new tax credit for employers that hire and train qualified apprentices in certain high-demand occupations.
- Requiring the state to designate a weekend in August each year as a tax-free weekend for certain retail sales.
- Making various changes to laws governing public housing authorities, including allowing them to use future capital funds to secure debt and streamlining the process for redeveloping and disposing of public housing properties.
- Applying corporate governance and disclosure requirements to a wide range of insurance entities and self-insurance groups operating in the state.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Last Action
Accompanied a new draft, see H4592 (on 06/11/2018)
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/H4297 |
Bill | https://malegislature.gov/Bills/190/H4297.pdf |
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