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. Revenue.
AI Summary
This bill proposes several changes to land conservation laws in Massachusetts. Specifically, it increases the maximum allowable tax deduction for individuals and trusts that donate land or conservation easements for the purpose of land conservation from $75,000 to $150,000. It also increases the maximum total amount of such tax deductions that can be claimed in a tax year from $2 million to $10 million. The bill also clarifies that nonprofit trusts organized for land conservation purposes are eligible for these tax deductions. The changes made by this bill are set to expire on December 31, 2027.
Committee Categories
Budget and Finance
Sponsors (1)
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/S1586 |
| Bill | https://malegislature.gov/Bills/190/S1586.pdf |
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