SENATE DOCKET, NO. 393 FILED ON: 1/14/2015
SENATE . . . . . . . . . . . . . . No. 1573
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The Commonwealth of Massachusetts
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PRESENTED BY:
Bruce E. Tarr
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to the creation of a training tax credit.
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PETITION OF:
Name: | District/Address: |
Bruce E. Tarr | First Essex and Middlesex |
Viriato M. deMacedo | Plymouth and Barnstable |
Donald F. Humason, Jr. | Second Hampden and Hampshire |
Mathew Muratore | 1st Plymouth |
SENATE DOCKET, NO. 393 FILED ON: 1/14/2015
SENATE . . . . . . . . . . . . . . No. 1573
By Mr. Tarr, a petition (accompanied by bill, Senate, No. 1573) of Bruce E. Tarr, Viriato M. deMacedo, Donald F. Humason, Jr. and Mathew Muratore for legislation relative to the creation of a training tax credit. Revenue. |
The Commonwealth of Massachusetts
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In the One Hundred and Eighty-Ninth General Court
(2015-2016)
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An Act relative to the creation of a training tax credit.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 6 of chapter 62 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting after subsection (r) the following new subsection:-
(s) There shall be a credit for any employer based in Massachusetts who with their own resources including but not limited to training at employer own facilities, payment for training at a third party facility hires individuals for at least two weeks. The credit shall be $500 for each newly hired full time employee hired in the first three quarters of that fiscal year, not to exceed $25,000 per business in any calendar year.
SECTION 2. SECTION 1 shall expire on July 1, 2019.