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MA H3269

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Marcus Vaughn

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Creates a transferable tax credit for Massachusetts hospitals actively conducting pediatric cancer research, applicable to expenditures related to that research
  • Caps total tax credits at $10,000,000 per fiscal year across all eligible institutions
  • Allows institutions to transfer credits in whole or in part to any individual or entity, who may then use the credits against their own tax liability
  • Permits unused credits to be carried forward and applied over the next 3 taxable years
  • Takes effect for taxable years beginning January 1, 2025, with a sunset date of January 1, 2033

Legislative Description

Establishing a transferable pediatric cancer research tax credit

Last Action

Reporting date extended to Wednesday, March 18, 2026

2/25/2026

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available