Bill
Bill > H4501
MA H4501
Providing continued investment in the life sciences industry in the Commonwealth
summary
Introduced
05/16/2018
05/16/2018
In Committee
06/06/2018
06/06/2018
Crossed Over
05/31/2018
05/31/2018
Passed
Dead
Signed/Enacted/Adopted
06/15/2018
06/15/2018
Introduced Session
190th General Court
Bill Summary
Providing continued investment in the life sciences industry in the Commonwealth
AI Summary
This bill provides continued investment in the life sciences industry in the Commonwealth. It allocates $462,970,000 to the Massachusetts Life Sciences Investment Fund for various initiatives, including facility upgrades and expansions at University of Massachusetts campuses, a center for nursing innovation at UMass Boston, and a center for innovation at the Massachusetts Maritime Academy. The bill also increases the annual cap on tax incentives for the life sciences industry from $25 million to $30 million and extends the tax incentive program until 2028. Additionally, the bill requires the Massachusetts Life Sciences Center to report annually on its internship programs and their diversity. The bill also earmarks a portion of the state's budget surplus for the Life Sciences Investment Fund.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
Signed by the Governor, Chapter 112 of the Acts of 2018 (on 06/15/2018)
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/H4501 |
| Bill | https://malegislature.gov/Bills/190/H4501.pdf |
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