Amendment ID: S2397-56

Amendment 56

Supporting Advanced Manufacturing

Messrs. Feeney, O'Connor and Timilty move that the proposed new text be amended by inserting after section __ the following section:-

"SECTION __. Notwithstanding the provisions of any general or special law to the contrary, there shall be established a digital manufacturing tax credit for companies that upgrade existing manufacturing systems to be Industry 4.0 compliant. Said tax credit shall be equal to twenty-five percent of the total cost of such upgrade, provided that the credit is available to manufacturers who have been operating within the commonwealth for not less than twenty-four months and who employ no fewer than 10 or more than 250 employees."