summary
Introduced
02/16/2023
02/16/2023
In Committee
03/21/2024
03/21/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to the conservation land tax credit. Revenue.
AI Summary
This bill proposes several changes to the conservation land tax credit in Massachusetts. Specifically, it expands the eligibility for the credit to include private nonprofit land conservation trusts, and it gradually increases the annual cap on the total amount of credits that can be claimed from $2 million to $5 million over a three-year period. The bill also includes provisions for the new credit limits to take effect on January 1 of 2024, 2025, and 2026, respectively, and for the increased credit limits to expire on December 31, 2034.
Committee Categories
Budget and Finance
Sponsors (26)
Brad Jones (R)*,
Smitty Pignatelli (D)*,
James Arena-Derosa (D),
Jay Barrows (R),
Nick Boldyga (R),
Simon Cataldo (D),
David DeCoste (R),
Jamie Eldridge (D),
Rodney Elliott (D),
Kim Ferguson (R),
Paul Frost (R),
Susan Gifford (R),
Hannah Kane (R),
Joe McKenna (R),
Paul McMurtry (D),
Matt Muratore (R),
Lindsay Sabadosa (D),
Aaron Saunders (D),
Margaret Scarsdale (D),
Tom Stanley (D),
Bruce Tarr (R),
Marcus Vaughn (R),
Dave Vieira (R),
Tommy Vitolo (D),
Steve Xiarhos (R),
Jon Zlotnik (D),
Last Action
No further action taken (on 12/31/2024)
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/H2839 | 03/14/2023 |
| BillText | https://malegislature.gov/Bills/193/H2839.pdf | 03/14/2023 |
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