Insurance industry reinvestment: the Massachusetts experience
Abstract: Joseph Kriesberg and Andrea Caliz Luquetta of the Massachusetts Association of Community Development Corporations (MACDC) outline the provisions in a new statewide law, An Act Insuring Community Investment and the Equitable Taxation of Insurance Companies in Massachusetts. In exchange for tax relief, this legislation requires insurance providers operating within the Commonwealth to contribute to two investment pools for economic development. Could this approach serve as a model for similar initiatives in other states?
File(s): File format is application/pdf http://www.bostonfed.org/commdev/c&b/1999/winter99.pdf
Provider: Federal Reserve Bank of Boston
Part of Series: Communities and Banking
Publication Date: 1999