Skip to Content


SENATE DOCKET, NO. 922         FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 179

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Michael R. Knapik

_______________

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 job creation in Gateway Cities.

_______________

PETITION OF:

 

Name:

District/Address:

Michael R. Knapik

Second Hampden and Hampshire

Barry R. Finegold

Second Essex and Middlesex

Eileen M. Donoghue

First Middlesex


SENATE DOCKET, NO. 922        FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 179

By Mr. Knapik, a petition (accompanied by bill, Senate, No. 179) of Michael R. Knapik, Barry R. Finegold and Eileen M. Donoghue for legislation relative to job creation in Gateway Cities.  Economic Development and Emerging Technologies. 


The Commonwealth of Massachusetts
 

_______________

In the Year Two Thousand Thirteen

_______________

 

An Act relative to job creation in Gateway Cities.
 

              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. Chapter 63 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by inserting after section 31N, the following new section:-

              Section 31O. A manufacturing corporation, or a business corporation engaged primarily in research and development or precision tooling that is a certified project, enhanced expansion project or a manufacturing retention and job growth project, as defined by section 3A of chapter 23A, which is located in a gateway municipality, as defined by section 3A of said chapter 23A, shall be entitled a credit as hereinafter provided against its excise due pursuant to the section 39. The amount of such credit available shall be up to $2500 per new, full-time employee as the term is defined in section 31C of chapter 63.

              The credit allowed under this section for any taxable year shall not reduce the excise to less than the amount due under subsection (b) of section 32, subsection (b) of section 39, section 67, or under any act in addition thereto.

              Any corporation entitled to a credit for any taxable year in accordance with the provisions of this section may carry over and apply to its excise for any 1 or more of the next succeeding 3 taxable years, the portion, as reduced from year to year, of its credit which exceeds its excise for the taxable year.

The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

Error