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 Title V income tax credit reform of financial aid for homeowners who have incurred costs for the repair or replacement of failed septic systems. Revenue.
AI Summary
This bill proposes to amend Section 6(i) of Chapter 62 of the General Laws to increase the maximum income tax credit for homeowners who have incurred costs for the repair or replacement of failed septic systems. Specifically, the bill would increase the maximum credit from $15,000 to $25,000, the maximum annual credit from $1,500 to $4,000, and the maximum lifetime credit from $6,000 to $10,000. This change is intended to provide more financial assistance to homeowners who need to repair or replace their septic systems.
Committee Categories
Budget and Finance
Sponsors (8)
Steven Howitt (R)*,
Jay Barrows (R),
Kim Ferguson (R),
Susan Gifford (R),
Jim Hawkins (D),
Brad Jones (R),
Jeff Roy (D),
Dawne Shand (D),
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/H2831 |
| BillText | https://malegislature.gov/Bills/193/H2831.pdf |
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