An Act relative to economic development tax credits
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes establishing economic development tax credits in Massachusetts. It aims to incentivize businesses and organizations to invest in projects that promote economic growth and job creation within the state. The specific details of the credits, such as eligibility requirements and amounts, would be determined through further legislation. The bill seeks to encourage investment in areas identified as needing economic development.
Key provisions
- Creates economic development tax credits.
- Targets investments in projects promoting economic growth.
- Aims to stimulate job creation within Massachusetts.
- The bill is currently referred to the Joint Committee on Revenue for review.
Who is affected
- Businesses
- Organizations
- Economic Development Projects
- Massachusetts Residents
- Taxpayers
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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