Bill

Bill > S1796


MA S1796

Relative to the Massachusetts fund for vulnerable countries most affected by climate change


summary

Introduced
03/29/2021
In Committee
03/10/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to the Massachusetts fund for vulnerable countries most affected by climate change. Revenue.

AI Summary

This bill establishes the Massachusetts Fund for Vulnerable Countries Most Affected by Climate Change (MFVC) as a separate fund on the books of the commonwealth. The MFVC is designed to further the mission of the United Nations Least Developed Countries Fund (UN LDCF), which helps underdeveloped nations adapt to climate change. The bill allows individuals filing Massachusetts personal income tax returns to voluntarily contribute all or part of their tax refund or an amount over their tax owed to the MFVC. The bill also sets up various requirements and oversight measures for tax return-enabled contribution options, including minimum contribution thresholds, periodic audits, and the ability for the Attorney General or Commissioner to investigate and take action against waste, fraud, or abuse.

Committee Categories

Budget and Finance

Sponsors (7)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/10/2022)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...