Bill
Bill > H2939
MA H2939
Relative to improving the efficiency of the state low income housing tax credit
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd 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 program. It amends the existing laws to allow the state department to allocate the tax credits to an "allocatee" - a taxpayer who is either the owner of a qualified Massachusetts project or has committed to provide funding to such a project. The bill replaces references to "owner" with "allocatee" throughout the relevant sections of the law, giving the department more flexibility in allocating the tax credits to entities beyond just the project owners.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5043 (on 08/29/2022)
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/192/H2939 |
| Bill | https://malegislature.gov/Bills/192/H2939.pdf |
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