Bill > H3137

This bill modifies the income tax credit for homeowners who have incurred expenses related to repairing or replacing failed septic systems by increasing the maximum amounts they can claim as a tax credit. Specifically, the bill increases the maximum eligible expenses from $15,000 to $25,000, raises the maximum tax credit from $1,500 to $4,000, and expands the overall credit limit from $6,000 to $10,000. These changes will provide more financial assistance to homeowners who need to make significant repairs or replacements to their septic systems, which can be costly and essential for maintaining proper waste management and environmental health. The bill amends Section 6(i) of Chapter 62 of the General Laws, updating the specific dollar figures to provide greater relief to homeowners facing septic system challenges.

Budget and Finance

https://malegislature.gov/Bills/194/H3137