SENATE DOCKET, NO. 281        FILED ON: 1/13/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1637

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:

SENATE DOCKET, NO. 281        FILED ON: 1/13/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1637

The Commonwealth of Massachusetts

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In the One Hundred and Ninetieth General Court
(2017-2018)

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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 is hereby amended by inserting after subsection (t) the following new subsection:-

(u) 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, 2020.