Bill > H4082

This bill modifies the Massachusetts tax code to expand a tax credit for residential property owners who repair, replace, or upgrade their septic systems or connect to a sanitary sewer collection system as required by Title 5 of the state environmental code or watershed permits. The bill makes two key changes: first, it prevents multiple tax credits from being claimed for the same property by the same or different taxpayers, and second, it allows the tax credit to be refundable, meaning taxpayers can receive the credit even if they do not owe taxes. The credit is set at 60% of the repair or upgrade expenses, up to $30,000, with a maximum annual credit of $4,000 and a total lifetime credit of $18,000 that can be applied over five subsequent tax years. Eligible property owners must not be dependents of another taxpayer and must complete the septic system work as mandated by environmental regulations. The Massachusetts Department of Revenue will be responsible for establishing rules and regulations to administer this tax credit.

Budget and Finance

https://malegislature.gov/Bills/194/H4082