Amendment #49 to H4000

Tax Credit for the Manufacturing Industry

Representatives Jones of North Reading, Peterson of Grafton, Hill of Ipswich, Poirier of North Attleborough and deMacedo of Plymouth move to amend the bill by adding at the end thereof the following new section: -

“SECTION XX. Section 6 of chapter 62 of the General Laws, as so appearing in the 2012 Official Edition is hereby amended by adding after subsection (r) the following new subsection:-

(s) There is hereby established a credit for businesses, who are considered manufacturing industries, when hiring new employees. Eligible companies whom are in the manufacturing industry, based in Massachusetts, and produces goods, whether imported throughout or exported out of the state, shall be eligible to collect a credit of $500 for each newly hired full time employee hired in the first three quarters of that fiscal year. The total cumulative amount of credits issued in a calendar year pursuant to this subsection shall not exceed $25,000 per business and shall expire on July 1, 2019.”.