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| 2 | 2 | | SENATE DOCKET, NO. 229 FILED ON: 1/12/2023 |
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| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 226 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Julian Cyr |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act relative to investment in Massachusetts-based jobs. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :Julian CyrCape and Islands 1 of 2 |
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| 16 | 16 | | SENATE DOCKET, NO. 229 FILED ON: 1/12/2023 |
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| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 226 |
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| 18 | 18 | | By Mr. Cyr, a petition (accompanied by bill, Senate, No. 226) of Julian Cyr for legislation |
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| 19 | 19 | | relative to investment in Massachusetts-based jobs. Economic Development and Emerging |
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| 20 | 20 | | Technologies. |
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| 21 | 21 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 22 | 22 | | SEE SENATE, NO. 260 OF 2021-2022.] |
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| 23 | 23 | | The Commonwealth of Massachusetts |
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| 24 | 24 | | _______________ |
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| 25 | 25 | | In the One Hundred and Ninety-Third General Court |
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| 26 | 26 | | (2023-2024) |
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| 27 | 27 | | _______________ |
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| 28 | 28 | | An Act relative to investment in Massachusetts-based jobs. |
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| 29 | 29 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 30 | 30 | | of the same, as follows: |
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| 31 | 31 | | 1 SECTION 1. Section 3D(a) of Chapter 23A of the General Laws is hereby amended by |
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| 32 | 32 | | 2inserting after "(vii)" the following:- |
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| 33 | 33 | | 3 (viii) preference shall be given by the EACC to a controlling business that already bases |
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| 34 | 34 | | 4its global or national headquarters and executive operations within the commonwealth. |
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| 35 | 35 | | 5 SECTION 2. Section 3D(c) of Chapter 23A of the General Laws is hereby amended by |
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| 36 | 36 | | 6adding the following after the word "cap.":- |
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| 37 | 37 | | 7 Provided that no controlling business that locates its global or national headquarters and |
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| 38 | 38 | | 8executive operations outside of the commonwealth shall qualify for tax credits by the EACC that |
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| 39 | 39 | | 9span multiple years. 2 of 2 |
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| 40 | 40 | | 10 SECTION 3. Section 3C of chapter 23A is hereby amended by adding the following 2 |
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| 41 | 41 | | 11subsections:- |
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| 42 | 42 | | 12 (e) Notwithstanding subsections (b) and (c), the EACC shall, by guideline or regulation, |
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| 43 | 43 | | 13establish an incentive program to encourage controlling businesses that locate their global or |
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| 44 | 44 | | 14national headquarters and executive operations within the commonwealth to hire and retain new, |
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| 45 | 45 | | 15permanent, full-time employees in the commonwealth, provided however that the business shall |
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| 46 | 46 | | 16not be required to invest in improvements to receive tax credits as part of the program |
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| 47 | 47 | | 17established under this subsection. |
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| 48 | 48 | | 18 (f) The EACC shall give special consideration to the impact of investment and job growth |
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| 49 | 49 | | 19in rural and seasonal communities within the commonwealth. |
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