Massachusetts S2076 proposes a tax credit for employers who invest in employee recruitment and retention.

Massachusetts S2076 introduces a tax credit for employers who incur eligible expenses related to employee recruitment and retention. Eligible expenses include education or skills training, transportation, housing, tools, or equipment. The credit is capped at 30 percent of these expenses, with a maximum of $50 million total and no single employer claiming more than $3 for three employees. The credit expires five years after adoption unless extended. Employers must certify that employees remain employed for at least 24 months to claim the credit.

Massachusetts S2076 proposes a tax credit for employers who invest in employee recruitment and retention.

Massachusetts S2076 introduces a tax credit for employers who incur eligible expenses related to employee recruitment and retention. Eligible expenses include education or skills training, transportation, housing, tools, or equipment. The credit is capped at 30 percent of these expenses, with a maximum of $50 million total and no single employer claiming more than $3 for three employees. The credit expires five years after adoption unless extended. Employers must certify that employees remain employed for at least 24 months to claim the credit.