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MA H502
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Marcus Vaughn
Click for details
AI Summary
- Businesses receiving Economic Development Incentive Program (EDIP) grants or credits must forfeit or refund those funds if they relocate outside Massachusetts within 20 years
- Applies to corporations, sole proprietorships, limited liability companies, and partnerships with certified project contracts awarded by the Economic Assistance Coordinating Council (EACC)
- Exempts businesses that declare bankruptcy under U.S.C. 11 from the repayment requirement
- Directs the Office of the Attorney General to promulgate regulations for enforcement
- Amends Section 3D of Chapter 23A of the General Laws
Legislative Description
Relative to business relocation after receiving state grant funding
Last Action
Accompanied a study order, see H5178
3/5/2026
Committee Referrals
Economic Development and Emerging Technologies2/27/2025
Full Bill Text
No bill text available