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Article: Life Sciences Tax Incentive Program.
- Article from:
- Mondaq Business Briefing
- Article date:
- February 17, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Massachusetts Life Sciences Center and the Secretary of Administration and Finance recently released initial technical information and a draft application for the Life Sciences Tax Incentive Program. The Program, subject to continued appropriations, will provide $25 million annually in tax incentives to qualifying life sciences companies over the next ten years for prospective expenses. The Program becomes effective on January 1, 2009 and the Massachusetts Life Sciences Center will is scheduled to begin accepting online applications on January 2, 2009.
What Incentives Are Available? The tax incentives are intended to expand employment in the life sciences and ...