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
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)
Jo Comerford (D),
Mindy Domb (D),
Michelle DuBois (D),
Nika Elugardo (D),
Carlos González (D),
Natalie Higgins (D),
Russell Holmes (D),
David LeBoeuf (D),
Denise Provost (D),
Lindsay Sabadosa (D),
Chynah Tyler (D),
Bud Williams (D),
Last Action
Accompanied a study order, see H5128 (on 11/19/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2453 |
| Bill | https://malegislature.gov/Bills/191/H2453.pdf |
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