Massachusetts 194th General Court Status: Introduced 1 R cosponsors

H502 — An Act relative to business relocation after receiving state grant funding

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

An Act relative to business relocation after receiving state grant funding

Bill Text

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How this bill changes current law

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The bill adds a new requirement for EDIP contracts regarding the forfeiture of credits or grants if recipients relocate out of the commonwealth within 20 years.

  • Section 3D of chapter 23A

    (f) All EDIP contracts, as defined by section 3A of this chapter, awarded by the EACC to a corporation, sole proprietorship, limited liability company, or partnership for a certified project, as defined by said section 3A, shall include the requirement that, unless it declares bankruptcy as defined by U.S.C. 11, a corporation, sole proprietorship, limited liability company, or partnership shall forfeit or refund any credits or grants received pursuant to an EDIP contract if the corporation, sole proprietorship, limited liability company, or partnership relocates outside the commonwealth within 20 years. The office of the attorney general shall promulgate regulations pursuant to the enforcement of this subsection.

    This addition establishes conditions under which companies must return financial incentives if they move out of the state within 20 years.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 203 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (203)

203 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

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Frequently asked questions

What does H502 do?
An Act relative to business relocation after receiving state grant funding
Who sponsors H502?
H502 is sponsored by Marcus S. Vaughn (Republican).
What is the current status of H502?
This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track H502?
Track H502 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 4 months ago · updated continuously

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