Bill
Bill > H2829
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 low income housing tax credit. Revenue.
AI Summary
This bill amends the Massachusetts low-income housing tax credit program to allow the Department to allocate credits to "allocatees" - taxpayers who are either the owners of qualified projects or have committed to provide funding to such projects. The bill replaces several instances of the term "owner" with "allocatee" in the existing law, clarifying that the Department may allocate credits directly to entities that are funding low-income housing projects, rather than only to the project owners. This change is intended to improve the efficiency of the tax credit program.
Committee Categories
Budget and Finance
Sponsors (1)
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/H2829 |
| BillText | https://malegislature.gov/Bills/193/H2829.pdf |
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