Bill

Bill > H4789


MA H4789

MA H4789
Relative to strengthening Massachusetts’ economic leadership


summary

Introduced
06/24/2024
In Committee
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

Relative to strengthening Massachusetts’ economic leadership

AI Summary

This bill: Provides $1.88 billion in bond funding to finance a program of community development, economic opportunities, support for local governments, increased industry innovation, job creation and promotion of economic reinvestment through infrastructure improvements. This includes grants and other financial assistance for coastal communities, technology companies, agricultural biotechnology, biomanufacturing, scientific research, site preparation, community development financial institutions, brownfields remediation, tourism, cultural facilities, municipal economic development, higher education financing, and broadband infrastructure, among other initiatives. The bill also makes changes to the Economic Development Incentive Program (EDIP), including expanding the types of projects eligible for certification, modifying the approval process, and allowing certain credits to be refundable. It establishes a climatetech tax incentive program and makes related changes to tax credits for digital interactive media production, live theater productions, and internships. The bill creates a permit regulatory office to streamline permitting processes, modifies priority development site designations, and makes other changes related to state economic development programs and initiatives.

Sponsors (0)

No sponsors listed

Other Sponsors (1)

House Committee on Ways and Means (H)

Last Action

Published as amended, see H4804 (on 06/27/2024)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/H4789
BillText https://malegislature.gov/Bills/193/H4789.pdf
Loading...