Life Sciences Tax Incentive Program
The 2013 program will be launching this summer. Thank you.
In order to expand life sciences-related employment opportunities, promote health-related innovations and stimulate research and development, manufacturing and commercialization in the life sciences, the Massachusetts Life Sciences Center is pleased to announce that it is offering tax incentives in 2012 to companies engaged in life sciences research and development, commercialization and manufacturing in Massachusetts. The Life Sciences Initiative authorizes the Center to award up to $25 million in tax incentives each year.
The primary goal of the Program is to incentivize life sciences companies to create new long-term jobs in Massachusetts. To qualify companies must receive certification from the Center and must demonstrate both the scientific and academic merit of their expansion plans.
Interested applicants will be required to submit an on-line application. Applications will be accepted on an ongoing basis via the MLSC web site up until the deadline of October 25, 2012 at noon. This is a one-step application process that includes information necessary for company certification under the Life Sciences Act. Please see Sections 5 and 6 of the Solicitation for more information regarding the application process.
Questions about the Life Sciences Tax Incentive question can be sent to TaxProgram@masslifesciences.com.
In order to provide more information and answer any questions you may have, we will be offering information sessions throughout the state.
Download documents for this program
- Press release
- Sample MLSC Tax Agreement
- Copy of Tax Program Application
- Click here for Department of Revenue Tax Information Release
- Life Sciences Jobs Incentive Summary
MLSC Tax Program Policies
- MLSC Tax Program Annual Report and Awards Policy
- MLSC Tax Program Acquisitions Policy
- MLSC Tax Program Divestiture Policy
- Download the Center’s report on deferral of decertification for 2010 tax reporting cycle
- Download the Center’s report on deferral of decertification for 2011 tax reporting cycle