Bill

Bill > H2838


MA H2838

To protect historic buildings from fires


summary

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 to establish an historic building fire prevention tax credit. Revenue.

AI Summary

This bill establishes a historic building fire prevention tax credit in Massachusetts. The credit, worth up to 50% of the cost of installing a fire protection sprinkler system in a qualified historic structure, with a maximum credit of $10,000 per taxpayer per fiscal year. The Massachusetts Fire Prevention Regulations Board will determine the eligibility criteria for the credit, which can be claimed until 2031. Taxpayers can carry over any excess credit to be applied against their tax liability in the following 5 years.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H5043 (on 08/29/2022)

bill text


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