Bill > H2789

This bill establishes a Massachusetts artist workspace tax credit to provide tax incentives for the construction or renovation of buildings in designated cultural districts that provide workspace for artists. The credit is administered by the Department of Housing and Community Development and the Department of Revenue, and can be claimed by taxpayers (individuals or corporations) who are hired as contractors or subcontractors on qualified projects. The total annual amount of tax credits available is capped at $20 million, and a qualified project can claim the credit for up to 7 taxable years. The bill also allows taxpayers to elect to receive the credit in the form of a loan by transferring it to the state.

Budget and Finance

https://malegislature.gov/Bills/193/H2789