Bill > H2949

This bill provides a tax credit for residential property owners in Massachusetts who incur expenses to connect their property to newly installed municipal sewage lines. The credit is equal to 40% of the actual connection costs, up to a maximum of $25,000, with a maximum credit of $4,000 per year that can be carried forward for up to five years, for a total potential credit of $10,000. The credit is available for sewage lines installed in 2019 or later, and the amount of the credit is reduced by any interest subsidy or grant received from the state for the connection costs. The Department of Revenue is required to establish rules and regulations to administer the tax credit.

Budget and Finance

https://malegislature.gov/Bills/192/H2949