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 to increase the conservation land tax credit. Revenue.
AI Summary
This bill aims to increase the conservation land tax credit in Massachusetts. Specifically, it expands the eligibility for the tax credit to include private nonprofit trusts organized for land conservation purposes, and it gradually increases the maximum annual amount of the tax credit from $2 million to $5 million over several years, starting in 2024. The bill also sets an expiration date for the increased credit amounts, with the changes expiring on December 31, 2033.
Committee Categories
Budget and Finance
Sponsors (13)
Bruce Tarr (R)*,
Jo Comerford (D),
Julian Cyr (D),
David DeCoste (R),
Sal DiDomenico (D),
Jamie Eldridge (D),
Ryan Fattman (R),
Anne Gobi (D),
Hannah Kane (R),
Mike Moore (D),
Pavel Payano (D),
Tom Stanley (D),
Dave Vieira (R),
Last Action
Accompanied H2839 (on 03/21/2024)
Bill Topics
Environment
- ‐ Land and Water Conservation
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S1940 | 03/11/2023 |
| BillText | https://malegislature.gov/Bills/193/S1940.pdf | 03/11/2023 |
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