summary
Introduced
09/30/2021
09/30/2021
In Committee
09/30/2021
09/30/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to establish the Massachusetts Bay Transportation Authority capital projects fund. Revenue.
AI Summary
This bill establishes the Massachusetts Bay Transportation Authority (MBTA) Capital Projects Fund, which will be funded by revenue generated from leasing or licensing air rights over MBTA parking spaces, lots, or other transportation facilities. The bill allows the MBTA to authorize up to $50 million annually in tax credits for qualified developments of these air rights. The tax credits can be claimed against state taxes in a single year and can be carried forward for up to 5 years if the credit exceeds the taxpayer's annual tax liability. The bill also requires the MBTA to report annually on the fund's revenue sources, amounts, and expenditures.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H5245 (on 09/22/2022)
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/H4177 |
| Bill | https://malegislature.gov/Bills/192/H4177.pdf |
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