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MA S2005
Bill
Status
2/27/2025
Primary Sponsor
Barry Finegold
Click for details
AI Summary
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Eligible semiconductor companies can claim research and development tax credits against 95% of excise taxes exceeding $25,000, compared to 75% for other corporations
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Eligible companies must primarily research, develop, or manufacture semiconductor devices, microprocessors, memory chips, or related production equipment
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Companies must establish a new facility or expand an existing facility in Massachusetts, creating at least 15 net new jobs that are retained for a minimum of 5 years
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Commissioner of Revenue must issue implementing regulations within 8 months of the act's effective date
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Similar legislation was filed in the previous 2023-2024 session as Senate No. 1826
Legislative Description
Authorizing an excise tax credit for eligible semiconductor companies
Last Action
Hearing scheduled for 09/29/2025 from 01:00 PM-05:00 PM in A-1
9/19/2025