Bill

Bill > H2459


MA H2459

Establishing a tax credit for artist work space


summary

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 establish an artist workspace tax credit. Revenue.

AI Summary

This bill establishes a Massachusetts artist workspace tax credit. The credit is available to taxpayers who construct or renovate buildings in designated cultural districts to provide workspace for artists. The Department of Housing and Community Development will administer the program, authorizing up to $20 million in credits annually. The credits can be claimed equally over 5 years and are not refundable, but can be carried forward. The bill also allows taxpayers to receive the credit in the form of a loan by transferring the credit to the Department. The goal is to increase the Commonwealth's stock of affordable artist workspace.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

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

bill text


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