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 community investment tax credit. Revenue.
AI Summary
This bill amends Sections 38EE of Chapter 63 and 6M of Chapter 62 of the Massachusetts state laws to increase the total value of the community investment tax credits authorized under these sections. Specifically, the bill sets the total value of the tax credits at $12 million for the 2023 and 2024 taxable years, and increases it to $15 million for the 2025 taxable year and beyond. This change is intended to promote high-impact community investment by increasing the available tax credits for eligible projects.
Committee Categories
Budget and Finance
Sponsors (43)
Jay Livingstone (D)*,
James Arena-Derosa (D),
Brian Ashe (D),
Christine Barber (D),
Michael Brady (D),
Dan Cahill (D),
Pete Capano (D),
Gerry Cassidy (D),
Tackey Chan (D),
Jo Comerford (D),
Mike Connolly (D),
John Cronin (D),
Sal DiDomenico (D),
Carol Doherty (D),
Mindy Domb (D),
Lydia Edwards (D),
Jamie Eldridge (D),
Rodney Elliott (D),
Chris Flanagan (D),
Judith García (D),
Jessica Giannino (D),
Danielle Gregoire (D),
Jim Hawkins (D),
Natalie Higgins (D),
Russell Holmes (D),
Kevin Honan (D),
Vanna Howard (D),
Mary Keefe (D),
Mike Kushmerek (D),
David LeBoeuf (D),
Paul McMurtry (D),
Sam Montaño (D),
Patrick O'Connor (R),
Steve Owens (D),
Ted Philips (D),
Angelo Puppolo (D),
Adrianne Ramos (D),
Dave Robertson (D),
Dave Rogers (D),
Danny Ryan (D),
Lindsay Sabadosa (D),
Jon Santiago (D),
Tommy Vitolo (D),
Last Action
Accompanied a study order, see H5045 (on 09/12/2024)
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/H2876 |
| BillText | https://malegislature.gov/Bills/193/H2876.pdf |
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