Bill > H3103

This bill proposes to increase the deleading tax credit for rental housing from $3,000 to $15,000. Specifically, the bill amends Section 6(e) of chapter 62 of the Massachusetts General Laws by replacing the existing tax credit amount with a significantly higher credit of $15,000. The deleading tax credit is a financial incentive designed to encourage property owners to remove lead-based paint from rental properties, which is an important public health measure to protect children from lead exposure and potential lead poisoning. By substantially increasing the tax credit, the bill aims to make it more financially attractive for landlords to perform lead remediation work in their rental units, potentially helping to reduce lead hazards in older housing stock and protect vulnerable populations, particularly children, from the serious health risks associated with lead exposure.

Budget and Finance

https://malegislature.gov/Bills/194/H3103