Bill
H 3248
Massachusetts bill would provide a 5-year income tax exemption for qualifying new manufacturing corporations that derive at least 50% of revenue from consumer goods.
The submitted bill materials appear to include text from two different measures in different jurisdictions:
Below is a concise, factual summary of each distinct measure, clearly labeled. Because the provided docket/legislative actions also mix dates and committee references, readers should verify the official state legislative website(s) for authoritative status and text.
Purpose and intent
- To incentivize incorporation and early operation of manufacturing corporations in the Commonwealth by exempting qualifying corporations from income tax for their first five years.
Key provisions
- Adds Section 38OO to Chapter 63 of the Massachusetts General Laws.
- Any “manufacturing corporation” (as defined in §42B) that incorporates in the Commonwealth is exempt from Massachusetts income taxation on income generated during its first five years of operation.
- Eligibility condition: at least 50% of the corporation’s revenues from manufactured goods must come from sales of “consumer goods,” defined as tangible property intended to be purchased by individuals for personal use.
Who is affected
- New manufacturing corporations incorporated in Massachusetts that meet the 50% consumer‑goods revenue threshold.
- The Commonwealth’s tax base and state revenue collections (potential short‑term revenue loss; potential long‑term economic activity and job effects).
Procedural/timeline notes (from provided data)
- Prefiled: 12/05/2024
- Introduced/read first time: 01/14/2025
- Referred to Committee on Education and Public Works and (separately listed) to the committee on Revenue: 02/27/2025
- Senate concurred: 02/27/2025
- Hearing(s) scheduled/updated for 10/03/2025 (check official docket for current hearing time/location)
- Related: HD 4099 (replace)
Potential impact/considerations
- Incentivizes manufacturing startups to incorporate in MA and may encourage production of consumer goods.
- Could reduce near‑term corporate income tax receipts; fiscal impact depends on number/size of qualifying firms — no revenue estimate provided in text.
- Administrative: requires verification of revenue composition and application of the 50% test; coordination with definitions in §42B.
Purpose and intent
- To include the state’s Governor’s Schools among the private higher‑education institutions authorized to establish and operate campus police/safety and security departments.
Key provisions
- Expands definitions to include the Governor's School for Science & Mathematics, Governor's School for Agriculture at John de la Howe, and Governor's School for the Arts & Humanities.
- Authorizes governing boards of these institutions to establish safety and security departments and appoint campus police officers.
- Requires campus police officers to be commissioned as constables under S.C. Code § 23‑1‑60; jurisdiction limited to campus grounds and contiguous streets/roads.
- Clarifies that campus safety units that meet the chapter’s requirements are “campus police departments” and their sworn officers are “campus police officers.”
- Makes it unlawful to falsely represent oneself as a campus police officer or wear official insignia without authority.
- Confirms institutions may still employ non‑sworn guards and security personnel; the chapter applies only to those granted additional law enforcement authority (including arrest power).
- Effective upon Governor’s approval.
Who is affected
- The three Governor’s Schools named, their governing boards, students, staff, and campus communities.
- Local law enforcement (coordination/jurisdictional considerations) and private security providers.
Procedural/timeline notes
- Filed/dated: 12/05/2024 (per submitted text)
- Effective upon the Governor’s approval.
Because the packet mixes legislation from two jurisdictions and contains overlapping procedural entries, verify the official bill number and full text with the relevant state Legislature (Massachusetts General Court and/or South Carolina General Assembly) to confirm which provision(s) correspond to H 3248 in the state you are researching.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
