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 artist workspace tax credit. Revenue.
AI Summary
This bill establishes a Massachusetts artist workspace tax credit to incentivize the construction or renovation of buildings in cultural districts that provide workspace for artists. The Department of Housing and Community Development will administer the program, issuing eligibility statements and allocating up to $20 million in annual tax credits. Taxpayers who perform construction on qualified projects can claim the credit, which is taken over 5 years and is non-refundable but can be carried forward. The department can also allow taxpayers to receive the credit in the form of a loan by transferring the credit to the department or its designee.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Accompanied a study order, see H5250 (on 10/03/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2896 |
| Bill | https://malegislature.gov/Bills/192/H2896.pdf |
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