Bill
Bill > H2498
MA H2498
Relative to improving the efficiency of the state low income housing tax credit
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 low income housing tax credit. Revenue.
AI Summary
This bill aims to improve the efficiency of the state low-income housing tax credit by allowing the state Department to allocate the credits to "allocatees" instead of just project owners. An "allocatee" is defined as either the owner of a qualified Massachusetts project or someone who has committed to provide funding to such a project in an amount commensurate with the tax credit allocation. The bill makes several amendments to the existing law to replace references to "owner" with "allocatee" in various sections related to claiming and recapturing the tax credits.
Committee Categories
Budget and Finance
Sponsors (8)
Brian Ashe (D),
Carlos González (D),
Kevin Honan (D),
Patrick Kearney (D),
Elizabeth Malia (D),
Dave Robertson (D),
José Tosado (D),
Chynah Tyler (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/H2498 |
| Bill | https://malegislature.gov/Bills/191/H2498.pdf |
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