MA S1952

Creates tax credits for investors who make capital contributions to certified "rural growth funds" that invest in rural Massachusetts businesses, with credits equal to 100% of the contribution claimed over 4 years (25% annually in years 3-6 after closing)

Caps total investment authority at $100,000,000 and credit-eligible capital contributions at $60,000,000, with the Massachusetts Office of Business Development (MOBD) administering the certification process

Defines eligible "rural business concerns" as companies with fewer than 250 employees, under $10,000,000 in annual revenue, and principal operations in municipalities with population density below 500 residents per square mile

Requires rural growth funds to invest 100% of their investment authority in qualified rural businesses within 2 years and maintain investments for 6 years, with tax credits subject to revocation for non-compliance

Imposes profit-sharing requirements with the state (15-20% of excess distributions) if job creation falls below 80% of projections or if funds achieve returns exceeding 20%, with proceeds directed to Rural School Aid