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
For legislation to establish tax credits for certain development on Massachusetts Bay Transit Authority property. Revenue.
AI Summary
This bill establishes tax credits for certain development on Massachusetts Bay Transit Authority (MBTA) property. Specifically, it allows taxpayers to claim a tax credit for qualified developments of air rights over MBTA parking spaces, lots, or other transportation facilities. The MBTA can authorize up to $50 million annually to be allocated among these qualified developments. Additionally, the bill requires that all revenue generated from leases, licenses, or other agreements related to MBTA air rights be deposited into a new MBTA Capital Projects Fund, which the MBTA can then use for its own capital projects.
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/H2928 |
| BillText | https://malegislature.gov/Bills/193/H2928.pdf |
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