MA S1761

Bill

Establishing a cranberry bog renovation tax credit

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 a cranberry bog renovation tax credit. Revenue.

AI Summary

This bill establishes a cranberry bog renovation tax credit. Specifically, it allows a refundable tax credit of 25% of the total qualified renovation expenditures incurred in connection with the renovation of a cranberry bog, up to $100,000 per taxpayer. The total cumulative value of the tax credits authorized under this bill and a related provision in the corporate tax code is limited to $2 million annually. Taxpayers must file with the Secretary of Energy and Environmental Affairs to receive the credit, and the Secretary must report annually on the total amount of credits claimed and refunded.

Committee Categories

Budget and Finance

Sponsors (13)

Michael Brady (D), Angelo D'Emilia (R), Viriato deMacedo (R), Carole Fiola (D), Susan Gifford (R), Steven Howitt (R), Brian Murray (D), Patrick O'Connor (R), Norm Orrall (R), Michael Rodrigues (D), Paul Schmid (D), Alan Silvia (D), Dave Vieira (R),

Last Action

Accompanied a new draft, see H4467 (on 03/04/2020)

Official Document

https://malegislature.gov/Bills/191/S1761

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1761
Bill	https://malegislature.gov/Bills/191/S1761.pdf

Bill	Bill Name	Last Action	Type
H2397	Providing an income tax credit for families caring for relatives at home who are elderly or victims of Alzheimer's disease	Accompanied a study order, see H5031	Similar To
H2624	Relative to film tax credit transferability	Accompanied a study order, see H5080	Similar To
H2627	Relative to film tax credit transparency	Accompanied a study order, see H5080	Similar To
H2629	Relative to the film tax credit	Accompanied a study order, see H5080	Similar To
H4467	Relative to a cranberry bog renovation tax credit	Bill reported favorably by committee and referred to the committee on House Ways and Means	Replaced by
S1640	To support voluntary income tax assistance sites and expand access to the earned income tax credit	Accompanied H2434	Similar To
S1686	Relative to the senior circuit breaker tax credit	Accompanied a study order, see H5080	Similar To
S1706	Relative to extending the wellness program tax credit	Accompanied a study order, see H5080	Similar To
S1756	Relative to middle class economic relief	Accompanied a study order, see H5080	Similar To
S1767	Increasing the land conservation tax credit	Accompanied a new draft, see H4465	Similar To

Bill > S1761

MA S1761

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (13)

Last Action

Official Document

bill text

bill summary

bill summary

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