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
For legislation to increase the conservation land tax credit. Revenue.
AI Summary
This bill seeks to increase the conservation land tax credit in Massachusetts. Specifically, it expands the eligibility for the tax credit to include private nonprofit trusts that are organized for land conservation purposes and have tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. Additionally, the bill gradually increases the annual cap on the total amount of tax credits that can be claimed from $2 million to $5 million over the next three years. The bill also includes sunset provisions, with the increased credit caps expiring on December 31, 2031.
Committee Categories
Budget and Finance
Sponsors (12)
Bruce Tarr (R)*,
Michael Brady (D),
Jo Comerford (D),
Julian Cyr (D),
Jamie Eldridge (D),
Carmine Gentile (D),
Adam Hinds (D),
Brad Jones (R),
Hannah Kane (R),
Susan Moran (D),
Patrick O'Connor (R),
Walter Timilty (D),
Last Action
Accompanied H2960 (on 04/07/2022)
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/S1986 |
| Bill | https://malegislature.gov/Bills/192/S1986.pdf |
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