S2005
An Act authorizing an excise tax credit for eligible semiconductor companies
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes to create an excise tax credit for eligible semiconductor companies operating in Massachusetts. The goal is to encourage investment and growth within this critical sector of the economy. The credit would be designed to support the development and manufacturing activities of these companies. It aims to bolster Massachusetts’ position in the semiconductor industry.
Key provisions
- Establishes an excise tax credit for semiconductor companies.
- Defines eligibility criteria for companies to receive the credit.
- Specifies the amount of the tax credit.
- Outlines the process for companies to apply for and receive the credit.
- Directs the Department of Revenue to administer the program.
Who is affected
- Semiconductor companies
- Massachusetts businesses
- The Massachusetts economy
- Taxpayers
Sponsors
Official sponsors from legislative records.
Primary sponsor
Barry R. Finegold
Cosponsor
Barry R. Finegold
Arguments in favor
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Bill S.2005 194th (Current)
An Act authorizing an excise tax credit for eligible semiconductor companies
By Mr. Finegold, a petition (accompanied by bill, Senate, No. 2005) of Barry R. Finegold for legislation relative to economic development initiatives. Revenue.
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Bill Information
Bill Information
Presenter: Barry R. Finegold Status: Referred to Joint Committee on Revenue
Tabs
Bill History Petitioners Committee Summary Primary Sponsor Summary
Bill History
Displaying 4 actions for Bill S.2005
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Revenue |
| 2/27/2025 | House | House concurred |
| 9/19/2025 | Joint | Hearing scheduled for 09/29/2025 from 01:00 PM-05:00 PM in A-1 |
| 4/1/2026 | Senate | Reporting date extended to Thursday June 25, 2026 |
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