SECTION 1. Section 3D(a) of Chapter 23A of the General Laws is hereby amended by inserting after "(vii)" the following:-

(viii) preference shall be given by the EACC to a controlling business that already bases its global or national headquarters and executive operations within the commonwealth.

SECTION 2. Section 3D(c) of Chapter 23A of the General Laws is hereby amended by adding the following after the word "cap.":-

Provided that no controlling business that locates its global or national headquarters and executive operations outside of the commonwealth shall qualify for tax credits by the EACC that span multiple years.

SECTION 3. Section 3C of chapter 23A is hereby amended by adding the following 2 subsections:-

(e) Notwithstanding subsections (b) and (c), the EACC shall, by guideline or regulation, establish an incentive program to encourage controlling businesses that locate their global or national headquarters and executive operations within the commonwealth to hire and retain new, permanent, full-time employees in the commonwealth, provided however that the business shall not be required to invest in improvements to receive tax credits as part of the program established under this subsection.

(f) The EACC shall give special consideration to the impact of investment and job growth in rural and seasonal communities within the commonwealth.