summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
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)
Last Action
Accompanied a study order, see H5040 (on 10/15/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/191/H2412 |
Bill | https://malegislature.gov/Bills/191/H2412.pdf |
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