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Bill > H4572


MA H4572

Providing continued investment in the life sciences industry in the Commonwealth


summary

Introduced
06/06/2018
In Committee
Crossed Over
Passed
Dead
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)

bill text


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