S 2080
An Act relative to the creation of a super research and development tax credit
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes to create a ‘super research and development tax credit’ in Massachusetts. The credit would offer a significantly enhanced incentive for companies to invest in research and development activities within the state. It aims to encourage innovation and economic growth by reducing the cost of R&D investments for businesses. The bill seeks to make Massachusetts more competitive in attracting and retaining companies engaged in cutting-edge research.
Key provisions
- Provides a significantly increased credit rate for qualified research and development expenses.
- Expands the definition of ‘qualified research expenses’ to include certain software development costs.
- Allows for the credit to be refundable, meaning companies that don’t have enough tax liability can receive a refund.
- Creates a process for the state to administer the credit and ensure compliance.
- Specifies eligible industries and types of research activities.
- Provides for a phase-in period for the new credit.
- Establishes a sunset provision, requiring the credit to be reviewed after a certain period.
Who is affected
- Businesses engaged in research and development
- Massachusetts-based companies
- Software developers
- Investors in R&D
- The State of Massachusetts
Notable changes
- Increases the existing R&D tax credit significantly.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Bruce E. Tarr
Cosponsor
Bruce E. Tarr
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Bill S.2080 194th (Current)
An Act relative to the creation of a super research and development tax credit
By Mr. Tarr, a petition (accompanied by bill, Senate, No. 2080) of Bruce E. Tarr for legislation to create a super research and development tax credit. Revenue.
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Bill Information
Bill Information
Presenter: Bruce E. Tarr Status: Referred to Joint Committee on Revenue
Tabs
Bill History Petitioners Committee Summary Primary Sponsor Summary
Bill History
Displaying 5 actions for Bill S.2080
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Revenue |
| 2/27/2025 | House | House concurred |
| 9/24/2025 | Joint | Hearing scheduled for 10/03/2025 from 10:00 AM-05:00 PM in Gardner Auditorium |
| 10/3/2025 | Joint | Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium Hearing updated to New End Time |
| 4/1/2026 | Senate | Reporting date extended to Thursday June 25, 2026 |
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