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Bill > H2453


MA H2453

MA H2453
To amend the Brownfields tax credit


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to the Brownfields tax credit. Revenue.

AI Summary

This bill amends the Brownfields tax credit in Massachusetts. It expands the eligible costs for the tax credit to include net response and removal costs incurred by a corporation even before it owned, operated, or leased the subject property. Additionally, it changes the language to allow the credit for any property the corporation "then owns, operates, or leases for business purposes," instead of just property it "owns or leases." The bill also updates the tax credit percentage from 40.00 to 40.0000.

Committee Categories

Budget and Finance

Sponsors (12)

Last Action

Accompanied a study order, see H5128 (on 11/19/2020)

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