Massachusetts S2602 amends tax credit guidelines to prioritize businesses with headquarters in the state.
Massachusetts S2602 modifies the Economic Assistance and Competitiveness Council's (EACC) tax credit guidelines. It requires the EACC to give preference to controlling businesses that base their global or national headquarters and executive operations within the commonwealth. The bill also mandates the EACC to establish an incentive program for such businesses. Additionally, the EACC must consider the impact of investment and job growth in rural and seasonal communities.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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