Massachusetts legislation · 194th General Court
Massachusetts S2005: An Act authorizing an excise tax credit for eligible semiconductor companies
Status: Failed, July 23, 2026
What the bill says
From the introduced text, February 27, 2025:
SECTION 1. Section 38M of chapter 63 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by striking out subsection (e) and inserting in place thereof the following:- (e)(1) If a corporation is not an eligible semiconductor company, the credit allowed under this section shall be limited to 100 per cent of a corporation's first $25,000 of excise, as determined before the allowance of any credits, plus 75 per cent of the corporation's excise, as so determined in excess of $25,000. (2) If a corporation is an eligible semiconductor company, the credit allowed under this section shall be limited to 100 per cent of a corporation's first $25,000 of excise, as determined before the allowance of any credits, plus 95 per cent of the corporation's excise, as so determined in excess of $25,000. (3) The commissioner shall promulgate regulations similar to those authorized under subsection (c)(2)(B) of section 38 of said Code for the purposes of apportioning the $25,000 amount among members of a controlled group. Nothing in this section shall alter section 32C as it affects other credits under this chapter. SECTION 2. Subsection (k) of said section 38M of said chapter 63, as amended by section 197 of chapter 238 of the Acts of 2024, is hereby further amended in paragraph (1) by …
Sponsors
- Barry Finegold (D) · primary sponsor
Latest actions
- : Accompanied a study order, see H5596
- : Reporting date extended to Thursday June 25, 2026
- : Hearing scheduled for 09/29/2025 from 01:00 PM-05:00 PM in A-1
- : House concurred
- : Referred to the committee on Revenue
Common questions
- What is S2005?
- S2005 is a bill in the Massachusetts Legislature (194th General Court): An Act authorizing an excise tax credit for eligible semiconductor companies.
- What is the status of S2005?
- Failed as of July 23, 2026. Latest action: Accompanied a study order, see H5596 (July 23, 2026).
- Who sponsored S2005?
- Barry Finegold (D).
- Where is the official record for S2005?
- On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/S2005
Source: official Massachusetts record. Tracked by Delilah, AI for legislation across all 50 states and Congress.