H3090
An Act establishing the Massachusetts Maritime Commercial Development tax credit
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Bill overview
This bill proposes to create a tax credit in Massachusetts to encourage commercial development related to maritime industries. The credit is intended to incentivize investment and growth within sectors like shipbuilding, marine services, and related businesses that contribute to the state’s maritime economy. It aims to stimulate economic activity and job creation in these important industries. The bill seeks to establish a framework for businesses to receive tax benefits for projects aligned with maritime commercial development.
Key provisions
- Establishes a tax credit for qualified maritime commercial development projects.
- The credit is designed to incentivize investment in maritime-related businesses.
- Projects eligible for the credit would be those supporting shipbuilding, repair, and related services.
- The specific amount of the tax credit is not detailed in the provided text.
- The bill directs a study to be conducted regarding maritime commercial development.
Who is affected
- Businesses involved in shipbuilding
- Marine service providers
- Investors in maritime industries
- The Massachusetts economy
Notable changes
- Creates a new tax incentive for maritime commercial development.
- Builds upon previous attempts to establish similar tax credits in Massachusetts.
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Bill H.3090 194th (Current)
An Act establishing the Massachusetts Maritime Commercial Development tax credit
By Representative Ferrante of Gloucester, a petition (accompanied by bill, House, No. 3090) of Ann-Margaret Ferrante for legislation to establish maritime commercial development tax credits. Revenue.
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Bill Information
Bill Information
Presenter: Ann-Margaret Ferrante
Tabs
Bill History Petitioners Committee Summary Hearing Attendance
Bill History
Displaying 6 actions for Bill H.3090
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Revenue |
| 2/27/2025 | Senate | Senate concurred |
| 10/21/2025 | Joint | Hearing scheduled for 10/28/2025 from 01:00 PM-05:00 PM in B-2 |
| 1/27/2026 | House | Reporting date extended to Friday, March 6, 2026 |
| 3/9/2026 | House | Reported date extended to Wednesday, March 18, 2026 |
| 4/2/2026 | House | Accompanied a study order, see H5318 |
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