WeVote
Log In

Bill

Bill

SD 2415

An Act relative to economic development tax credits

194th Legislature (2025-2026) Introduced by Mark Montigny

Massachusetts bill modifies economic development tax credits to influence business investment and state revenue allocation, referred to Revenue Committee for detailed review.

House concurred
0
WeVote Research Nonpartisan
Bill Summary · SD 2415

Legislative bill overview

SD 2415 is a Massachusetts bill addressing economic development tax credits, though the specific provisions are not detailed in the available information. The bill was introduced by Senator Mark Montigny and referred to the Revenue Committee for examination. Without access to the full text, the precise mechanisms and scope of tax credit modifications cannot be determined.

Why is this important

Economic development tax credits are tools states use to incentivize business investment, job creation, and strategic industry growth. Changes to these credits directly affect state tax revenue, business competitiveness, and the state budget. Massachusetts uses such credits to attract and retain companies, making modifications potentially significant for economic policy and fiscal planning.

Potential points of contention

  • Revenue impact: Expanding or modifying tax credits reduces state revenue that could fund schools, infrastructure, or services; restricting credits may harm business recruitment efforts
  • Equity and effectiveness: Questions about whether tax credits actually create new economic activity versus simply subsidizing businesses that would invest anyway, and whether benefits are distributed equitably across regions
  • Fiscal transparency: Need for clear accounting of tax expenditures and measurable outcomes to justify foregone revenue

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

Sign in to ask a question.