An Act supporting regional economic development and transit

This bill creates a new minimum tax for corporations operating in Massachusetts based on their annual sales volume. The collected funds are split evenly between a new Regional Transportation Trust Fund and the Massachusetts Growth Capital Corporation. Half of the money goes to support regional transit authorities in adopting clean energy technologies for their infrastructure and services, while the other half funds grants for small businesses to improve their own clean energy usage. The legislation establishes specific rules for how these grants are awarded, ensuring they are distributed based on merit evaluations rather than first-come, first-served.