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| 1 | 1 | 1 of 2 | |
| 2 | 2 | FILED ON: 2/6/2024 | |
| 3 | 3 | SENATE . . . . . . . . . . . . . . No. 2602 | |
| 4 | 4 | The Commonwealth of Massachusetts | |
| 5 | 5 | _______________ | |
| 6 | 6 | In the One Hundred and Ninety-Third General Court | |
| 7 | 7 | (2023-2024) | |
| 8 | 8 | _______________ | |
| 9 | 9 | An Act relative to investment in Massachusetts-based jobs. | |
| 10 | 10 | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority | |
| 11 | 11 | of the same, as follows: | |
| 12 | 12 | 1 SECTION 1. Section 3D(a) of Chapter 23A of the General Laws is hereby amended by | |
| 13 | 13 | 2inserting after "(vii)" the following:- | |
| 14 | 14 | 3 (viii) preference shall be given by the EACC to a controlling business that already bases | |
| 15 | 15 | 4its global or national headquarters and executive operations within the commonwealth. | |
| 16 | 16 | 5 SECTION 2. Section 3C of chapter 23A is hereby amended by adding the following 2 | |
| 17 | 17 | 6subsections:- | |
| 18 | 18 | 7 (e) Notwithstanding subsections (b) and (c), the EACC shall, by guideline or regulation, | |
| 19 | 19 | 8establish an incentive program to encourage controlling businesses that locate their global or | |
| 20 | 20 | 9national headquarters and executive operations within the commonwealth to hire and retain new, | |
| 21 | 21 | 10permanent, full-time employees in the commonwealth, provided however that the business shall | |
| 22 | 22 | 11not be required to invest in improvements to receive tax credits as part of the program | |
| 23 | 23 | 12established under this subsection. 2 of 2 | |
| 24 | 24 | 13 (f) The EACC shall give special consideration to the impact of investment and job growth | |
| 25 | 25 | 14in rural and seasonal communities within the commonwealth. |