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
Relative to the housing development tax credit incentive program. Revenue.
AI Summary
This bill makes several changes to the housing development tax credit incentive program in Massachusetts. It increases the total amount of credits that the Department of Housing and Community Development (DHCD) can authorize annually from $10 million to $57 million in fiscal year 2024 and $30 million in subsequent years. It also allows DHCD to authorize any portion of the annual cap that was not used in previous years, as well as any credits returned by certified housing development projects. Additionally, the bill raises the individual credit cap from $2 million to $5 million for certain types of housing development projects.
Committee Categories
Budget and Finance
Sponsors (10)
Tony Cabral (D)*,
Michael Brady (D),
Gerry Cassidy (D),
Pat Duffy (D),
Tricia Farley-Bouvier (D),
Carole Fiola (D),
Chris Hendricks (D),
Vanna Howard (D),
Kate Lipper-Garabedian (D),
Paul Schmid (D),
Last Action
Accompanied a study order, see H4727 (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/H2724 |
| BillText | https://malegislature.gov/Bills/193/H2724.pdf |
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