S 2000
An Act to extend the research and development sales tax exemption
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill seeks to extend a current sales tax exemption in Massachusetts that applies to research and development activities. Currently, certain businesses involved in research and development are exempt from paying sales tax on equipment and materials used in their research. This bill would permanently extend this exemption, providing ongoing financial relief to companies engaged in innovation and technological advancement within the state. The goal is to encourage continued investment in research and development within Massachusetts.
Sponsors
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Primary sponsor
Paul R. Feeney
Cosponsor
Paul R. Feeney
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