Bill > H4459

This bill aims to strengthen Massachusetts' economic leadership through a variety of measures, including: - Providing funding for programs to support coastal communities, grow Massachusetts-based companies, prepare sites for development, assist small businesses, promote tourism, and invest in broadband and other infrastructure. - Establishing a new office of performance management and oversight to improve the effectiveness of the state's economic development efforts. - Updating the Economic Development Incentive Program (EDIP) to streamline the certification process, expand eligibility, and allow for refundable tax credits. - Creating new tax credits and incentives to support the climatetech and life sciences sectors, including a new climatetech industry tax incentive program, a refundable jobs credit, and a sales tax exemption for climatetech-related purchases. - Establishing a live theater tax credit to support pre-Broadway, pre-off Broadway, national tour launches, and regional professional theater productions in the state. - Expanding opportunities for internationally-trained physicians to practice medicine in Massachusetts. The bill also includes various other updates to economic development programs, permitting processes, and construction industry regulations. Overall, the bill aims to drive innovation, boost key industries, create jobs, and promote economic growth and opportunity across the state.

Business and Industry

https://malegislature.gov/Bills/193/H4459