| 1 | 1 | | 1 of 1 |
|---|
| 2 | 2 | | SENATE DOCKET, NO. 57 FILED ON: 1/7/2025 |
|---|
| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 2076 |
|---|
| 4 | 4 | | The Commonwealth of Massachusetts |
|---|
| 5 | 5 | | _________________ |
|---|
| 6 | 6 | | PRESENTED BY: |
|---|
| 7 | 7 | | Bruce E. Tarr |
|---|
| 8 | 8 | | _________________ |
|---|
| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
|---|
| 10 | 10 | | Court assembled: |
|---|
| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
|---|
| 12 | 12 | | An Act relative to employee recruitment and retention. |
|---|
| 13 | 13 | | _______________ |
|---|
| 14 | 14 | | PETITION OF: |
|---|
| 15 | 15 | | NAME:DISTRICT/ADDRESS :Bruce E. TarrFirst Essex and Middlesex 1 of 2 |
|---|
| 16 | 16 | | SENATE DOCKET, NO. 57 FILED ON: 1/7/2025 |
|---|
| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 2076 |
|---|
| 18 | 18 | | By Mr. Tarr, a petition (accompanied by bill, Senate, No. 2076) of Bruce E. Tarr for legislation |
|---|
| 19 | 19 | | relative to tax credits for employee recruitment and retention. Revenue. |
|---|
| 20 | 20 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
|---|
| 21 | 21 | | SEE SENATE, NO. 1954 OF 2023-2024.] |
|---|
| 22 | 22 | | The Commonwealth of Massachusetts |
|---|
| 23 | 23 | | _______________ |
|---|
| 24 | 24 | | In the One Hundred and Ninety-Fourth General Court |
|---|
| 25 | 25 | | (2025-2026) |
|---|
| 26 | 26 | | _______________ |
|---|
| 27 | 27 | | An Act relative to employee recruitment and retention. |
|---|
| 28 | 28 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
|---|
| 29 | 29 | | of the same, as follows: |
|---|
| 30 | 30 | | 1 Mass General Laws Chapter 62 section 6 is hereby amended by adding at the end the |
|---|
| 31 | 31 | | 2following paragraph:- |
|---|
| 32 | 32 | | 3 (aa)(1) A credit shall be allowed against all taxes paid by an employer for not more than |
|---|
| 33 | 33 | | 430 percent of eligible expenses for the purpose of employee recruitment and retention. |
|---|
| 34 | 34 | | 5 (2) Eligible expenses for said credit shall include expenditures made on behalf of, or |
|---|
| 35 | 35 | | 6reimbursement made to, an eligible employee, for education or skills training, transportation, |
|---|
| 36 | 36 | | 7housing, tools, or equipment. |
|---|
| 37 | 37 | | 8 (3) The total amount of the credit shall not exceed fifty million dollars, provided that no |
|---|
| 38 | 38 | | 9single employer may claim the credit for expenses related to more than 3 employees. 2 of 2 |
|---|
| 39 | 39 | | 10 (4) In claiming the credit, an employer shall certify that an employee has, or will, remain |
|---|
| 40 | 40 | | 11employed in their current position for not less than twenty-four months, provided that if such |
|---|
| 41 | 41 | | 12employee is not so employed the employer shall forfeit the credit and reimburse the |
|---|
| 42 | 42 | | 13commonwealth for the amount of any credit attributable to that employee. |
|---|
| 43 | 43 | | 14 (5) The provisions of this section shall expire five years following their adoption, unless |
|---|
| 44 | 44 | | 15otherwise terminated, modified, or extended. |
|---|