Bill > H3133

This bill creates a tax credit for property owners in Massachusetts who connect their residential property to newly installed municipal sewage lines. Specifically, the bill allows homeowners who occupy their property as a primary residence and are not dependents of another taxpayer to claim a credit equal to 40% of their connection expenses, up to a maximum of $25,000. The credit is limited to $4,000 per tax year, with any excess credit able to be applied over the following five tax years, not to exceed a total of $10,000. A "newly installed" sewage line is defined as one installed by a municipality in 2019 or later. The credit will be available starting in the tax year when the connection to the sewage line is completed, and the total credit amount will be reduced by any interest subsidies or grants received from the state for the same expenses. The state's department of revenue will be responsible for creating rules and regulations to implement this tax credit, including a notification system for subsidy recipients.

Budget and Finance

https://malegislature.gov/Bills/194/H3133