MA H2412

Bill

To promote development through the historic rehabilitation tax credits

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to promote development through the historic rehabilitation tax credits. Revenue.

AI Summary

This bill aims to promote development through historic rehabilitation tax credits. It does so by amending existing laws in two key ways: 1) It expands the types of historic property rehabilitations eligible for the tax credits to include those "consistent with standards established by the Massachusetts historical commission designed to promote the rehabilitation of historic properties for mixed commercial and residential uses." 2) It increases the annual cap on the total amount of tax credits that can be issued from $50 million to $75 million. These changes are intended to encourage more historic property rehabilitation projects that incorporate both commercial and residential uses, in line with the state's development goals.

Committee Categories

Budget and Finance

Sponsors (3)

Tony Cabral (D), Jim Hawkins (D), José Tosado (D),

Last Action

Accompanied a study order, see H5040 (on 10/15/2020)

Official Document

https://malegislature.gov/Bills/191/H2412

(11 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H2412
Bill	https://malegislature.gov/Bills/191/H2412.pdf

Bill	Bill Name	Last Action	Type
H2428	Establishing a tax credit for employment of national guard members	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H2440	Establishing a child care tax credit	Accompanied S1674	Similar To
H2445	Increasing citizen participation in elections	Accompanied a study order, see H5128	Similar To
H2449	Providing tax credits to certain employers that provide affordable, on-site child-care for employees	Accompanied a study order, see H5031	Similar To
H2476	To provide an income tax exemption for certain individuals caring for their elderly relatives	Accompanied a study order, see H5128	Similar To
H2492	Relative to farm training in Massachusetts	Accompanied a study order, see H5128	Similar To
H2561	Implementing a home water filtration tax credit	Accompanied a study order, see H5080	Similar To
H2578	Relative to long term care insurance tax credit	Accompanied a study order, see H5080	Similar To
H2647	Relative to a cranberry bog renovation tax credit	Accompanied a new draft, see H4467	Similar To
H5040	Study Order - Property Taxes	Discharged to the committee on House Rules	Replaced by
S1612	Relative to encouraging diversity in tax credit programs	Accompanied a study order, see S2549	Similar To

Bill > H2412

MA H2412

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary