MA H4592

Bill

MA H4592

Relative to economic development in the commonwealth

Introduced
06/11/2018

In Committee
07/09/2018

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to economic development in the commonwealth

AI Summary

This bill provides for a program of economic development and job creation in the Commonwealth of Massachusetts. Key provisions include: - Establishing grant programs to support coastal communities, spur innovation and commercialization, expand career technical education, and mitigate costs for the Raymond L. Flynn Cruiseport in Boston. - Creating the Massachusetts Cybersecurity Innovation Fund to grow the cybersecurity industry and protect against cybersecurity threats. - Amending the Economic Development Incentive Program (EDIP) to allow the state to designate certain large-scale development projects as "extraordinary economic development opportunities" and provide additional tax credits. - Establishing a tax credit for businesses that hire and train apprentices in certain high-demand occupations. - Making various changes to insurance regulations, including requirements for corporate governance disclosures and group-wide supervision of internationally active insurance groups. - Authorizing over $600 million in new bond funding to support the economic development initiatives outlined in the bill.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Last Action

Amendment (as recommended by the committee on Senate Ways and Means) adopted (on 07/28/2018)

Official Document

https://malegislature.gov/Bills/190/H4592

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H4592
Bill	https://malegislature.gov/Bills/190/H4592.pdf

Bill	Bill Name	Last Action	Type
H1485	Relative to adopting the new market tax credits program for Massachusetts	Accompanied a study order, see H4244	Similar To
H215	Establishing a tax increment financing plan for new businesses	Accompanied a study order, see H4584	Similar To
H4297	Enhancing opportunities for all	Accompanied a new draft, see H4592	Replaces
H4702	Relative to economic development in the commonwealth	Rejected	Replaced by
H4711	The committee on Rules, reports, under the provisions of House Rules 7B and 7C, that the accompanying order relative to special procedures for consideration of the House Bill relative to economic development in the commonwealth, and investment in recreational assets and opportunity (House, No. 4592) ought to be adopted	No further action taken	Replaced by
H4714	Relative to economic development in the commonwealth	Published as amended, see H4732	Replaced by
H4732	Relative to economic development in the commonwealth	Sections returned with veto (see section 20 and 62) referred to the committee on House Ways and Means	Similar To
H4975	Approving the town of Ashland Economic Development Funding Program authorizing the town of Ashland to establish a grant and loan fund for the purpose of creating economic development tools and activities	Accompanied a new draft, see H5014	Similar To
S187	Relative to promoting local economic development	Accompanied a study order, see S2486	Similar To
S2625	Relative to economic development in the commonwealth	See H4732	Similar To
S2635	Relative to economic development in the commonwealth	See H4732	Similar To
S81	Promoting housing and sustainable development	Accompanied a new draft, see H4397	Similar To

Bill > H4592

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Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (0)

Last Action

Official Document

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