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 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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/192/H2838 |
Bill | https://malegislature.gov/Bills/192/H2838.pdf |
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