MA S1830

Bill

Relative to improving the efficiency of the state low income housing tax credit

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to improving the efficiency of the state low income housing tax credit. Revenue.

AI Summary

This bill proposes to amend the existing state low-income housing tax credit law to allow the 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 key changes include: defining "allocatee", allowing the Department to allocate credits to an allocatee, and replacing references to "owner" with "allocatee" throughout the law. These changes aim to improve the efficiency of the state low-income housing tax credit program.

Committee Categories

Budget and Finance

Sponsors (1)

Brendan Crighton (D)*,

Last Action

Accompanied a study order, see H5247 (on 09/26/2022)

Official Document

https://malegislature.gov/Bills/192/S1830

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S1830
Bill	https://malegislature.gov/Bills/192/S1830.pdf

Bill	Bill Name	Last Action	Type
H2939	Relative to improving the efficiency of the state low income housing tax credit	Accompanied a study order, see H5043	Similar To
H2979	Establishing the family caregiver tax credit	Accompanied a study order, see H5352	Similar To
H3067	To promote adoption	No further action taken	Similar To
H5247	Revenue	No further action taken	Replaced by
S1842	To support voluntary income tax assistance sites and expand access to the earned income tax credit	Accompanied a new draft, see H4997	Similar To
S1852	Providing a guaranteed minimum income to all Massachusetts families	Accompanied a new draft, see H4997	Similar To
S1912	To make childcare and preschool more affordable for working families	Accompanied S1878	Similar To
S1930	Supporting job growth in the Commonwealth	Accompanied a study order, see H5250	Similar To
S1980	Relative to the Massachusetts Maritime Commercial Development tax credit	Accompanied a study order, see H5248	Similar To
S1983	Relative to the film tax credit	Accompanied a study order, see H5250	Similar To
S788	To establish the family caregiver tax credit	Accompanied a study order, see H5352	Similar To
S905	Ensuring affordability in perpetuity	Accompanied a study order, see H5276	Similar To

Bill > S1830

MA S1830

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

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