Bill > H2951

This bill provides incentives for businesses to remove billboards, signs, and other advertising devices that detract from or prohibit the full utilization of open space. It establishes a Massachusetts Open Space Protection Tax Credit, which allows businesses that agree to remove a billboard to receive a tax credit of up to 75% of the costs associated with the removal and up to 50% of the estimated net earnings lost due to the removal, with a maximum credit of $50,000 per business per fiscal year. The Department of Revenue, in consultation with the Outdoor Advertising Board, will determine the eligibility criteria and promulgate regulations to implement the requirements of this section. Additionally, the bill amends existing law to restrict the placement of billboards, signs, and other advertising devices near public parks or reservations, historic sites, and open space, and limits the number of such devices that can be authorized for a single person.

Budget and Finance

https://malegislature.gov/Bills/192/H2951