Bill
Bill > H4572
MA H4572
Providing continued investment in the life sciences industry in the Commonwealth
summary
Introduced
06/06/2018
06/06/2018
In Committee
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Text of a further amendment (offered by Mr. Wagner of Chicopee) to the Senate amendment of the House Bill providing continued investments in the life sciences industry in the Commonwealth (House, No. 4501, amended). June 6, 2018.
AI Summary
This bill provides continued investment in the life sciences industry in the Commonwealth. Key provisions include:
- Allocating $472,970,000 to the Massachusetts Life Sciences Investment Fund for various capital projects at the University of Massachusetts campuses and other institutions, including for biotechnology and precision manufacturing research and training, nursing innovation, biomanufacturing, and neuroscience workforce development.
- Increasing the annual cap on the Life Sciences Tax Incentive Program from $25 million to $30 million.
- Expanding the Life Sciences Tax Incentive Program to include high school and community college internships, with additional consideration given to minority students.
- Extending the Life Sciences Tax Incentive Program from 2018 to 2028.
The bill aims to support continued job growth, workforce development, and scientific innovation in the life sciences industry across the Commonwealth.
Sponsors (1)
Last Action
Text of an amendment, see H4501 (on 06/06/2018)
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/H4572 |
Bill | https://malegislature.gov/Bills/190/H4572.pdf |
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