Bill

Bill > H2404


MA H2404

Relative to expanding the septic system 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

For legislation to provide an income tax credit for expenditures for the design, construction, repair or replacement of failed cesspool or septic systems. Revenue.

AI Summary

This bill proposes to expand the septic system tax credit in Massachusetts. Specifically, it would make the credit refundable, remove the requirement that the septic system be "failed" to qualify for the credit, and increase the maximum amount of the credit from $1,500 per year to $1,500 per year for up to 10 subsequent tax years, for a total maximum of $6,000. These changes are intended to provide more financial assistance to homeowners for the design, construction, repair, or replacement of their septic systems.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

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

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