summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to land conservation incentives. Revenue.
AI Summary
This bill amends the Massachusetts General Laws to increase the maximum amount of charitable tax deductions for donations of land or conservation easements to nonprofit land conservation organizations. Specifically, it raises the deduction limit from $2 million to $10 million for both corporate and individual taxpayers. The bill also allows nonprofit trusts organized for land conservation purposes to qualify for these tax benefits. The amendments are set to expire on December 31, 2027.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a new draft, see H3855 (on 08/03/2017)
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/190/S1585 |
| Bill | https://malegislature.gov/Bills/190/S1585.pdf |
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