summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation relative to the housing development incentive program. Revenue.
AI Summary
This bill makes several changes to the housing development incentive program in Massachusetts. It increases the annual cap on tax credits that the Department of Housing and Community Development (DHCD) can authorize for the program from $10 million to $57 million in fiscal year 2024 and $30 million per year thereafter. The bill also allows DHCD to authorize any unused credits from previous years and any credits returned by certified housing development projects. Additionally, the bill increases the individual project cap on tax credits from $2 million to $5 million.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Accompanied a study order, see H4728 (on 06/24/2024)
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/193/S1779 |
| BillText | https://malegislature.gov/Bills/193/S1779.pdf |
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