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H 3269

An Act establishing a transferable pediatric cancer research tax credit

194th Legislature (2025-2026) Introduced by Marcus Vaughn and 1 co-sponsor

Massachusetts bill creates transferable tax credits for pediatric cancer research funding, allowing businesses to sell unused credits for increased investment incentives.

Hearing rescheduled to 09/16/2025 from 10:30 AM-12:30 PM in A-1 and Virtual Hearing updated to New End Time
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Bill Summary · H 3269

Legislative bill overview

H 3269 establishes a transferable tax credit in Massachusetts for businesses and individuals who fund pediatric cancer research. The credit can be transferred to other taxpayers if unused, increasing its flexibility and market value. This mechanism aims to incentivize private investment in pediatric cancer research by making the tax benefit more liquid and valuable.

Why is this important

Pediatric cancer research is chronically underfunded relative to adult cancers, despite affecting children's survival and quality of life. By creating financial incentives for private research investment, the bill could accelerate drug development and clinical trials. The transferability feature makes the credit more attractive to investors, potentially generating more research funding than traditional, non-transferable credits.

Potential points of contention

  • Revenue cost uncertainty: Transferable credits can be more expensive to the state than traditional credits, as they increase their market value and utilization rates. The fiscal impact may exceed initial projections.
  • Equity concerns: Tax credits primarily benefit profitable corporations and wealthy individuals, raising questions about whether this is the most equitable way to fund research compared to direct public investment.
  • Definition and oversight: The bill's specificity regarding which research entities qualify, credit calculation methods, and fraud prevention mechanisms will determine effectiveness and potential abuse.

Compiled from official sources — confirm details with the bill’s official record.

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