summary
Introduced
03/04/2020
03/04/2020
In Committee
03/04/2020
03/04/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to a cranberry bog renovation tax credit
AI Summary
This bill establishes a cranberry bog renovation tax credit. It allows taxpayers primarily engaged in cranberry production to claim a 25% tax credit, up to $100,000, for qualified renovation expenses related to cranberry bogs. The Secretary of Energy and Environmental Affairs, in consultation with the Commissioner of Agricultural Resources, is authorized to approve up to $2 million in total tax credits per year from 2020 to 2024. Taxpayers must file a summary of qualified renovation expenses with the Secretary for approval, and the Secretary and Commissioner are required to issue reports on the tax credits.
Committee Categories
Budget and Finance
Sponsors (18)
Michael Brady (D),
Tony Cabral (D),
Angelo D'Emilia (R),
Viriato deMacedo (R),
Carolyn Dykema (D),
Carole Fiola (D),
Susan Gifford (R),
Steven Howitt (R),
Christopher Markey (D),
Brian Murray (D),
Patrick O'Connor (R),
Norm Orrall (R),
Sarah Peake (D),
Michael Rodrigues (D),
Paul Schmid (D),
Alan Silvia (D),
Bill Straus (D),
Dave Vieira (R),
Other Sponsors (1)
Joint Committee on Revenue (J)
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 03/04/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H4467 |
| Bill | https://malegislature.gov/Bills/191/H4467.pdf |
Loading...