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Massachusetts Tax Credit

Meaning

The Massachusetts Tax Credit, in the context of corporate wellness, refers specifically to the state-level incentive designed to financially reward small and mid-sized businesses for investing in comprehensive employee health promotion initiatives. This credit provided a direct reduction in a business entity’s state tax liability, calculated as a percentage of the total costs incurred for implementing a qualified voluntary workplace wellness program. It functioned as a powerful economic lever to encourage employers to adopt preventative health strategies, thereby supporting the long-term physiological health and productivity of the state’s workforce. The credit incentivized investment in human capital.