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 to promote high-impact community investment. Revenue.
AI Summary
This bill aims to promote high-impact community investment by amending the Community Investment Tax Credit program in Massachusetts. Key provisions include: setting a minimum tax credit allocation of $50,000 per community partner and a maximum of 2.5% of the total credits available, with the possibility of waiving the cap; striking out the requirement for community partners to have made satisfactory progress in using prior allocations to receive subsequent allocations; and increasing the total value of the tax credits authorized under the program from $6 million per year to $12 million per year from 2023 to 2025. The bill also repeals sections of previous legislation related to the Community Investment Tax Credit program.
Committee Categories
Budget and Finance
Sponsors (29)
Will Brownsberger (D),
Harriette Chandler (D),
Mike Connolly (D),
Julian Cyr (D),
Marjorie Decker (D),
Sal DiDomenico (D),
Diana Dizoglio (D),
Jamie Eldridge (D),
Jennifer Flanagan (D),
Linda Forry (D),
Colleen Garry (D),
Anne Gobi (D),
Stephen Hay (D),
Jay Kaufman (D),
Mary Keefe (D),
John Keenan (D),
Barbara L'Italien (D),
John Lawn (D),
Eric Lesser (D),
Jay Livingstone (D),
Joan Lovely (D),
Elizabeth Malia (D),
Joan Meschino (D),
Mark Montigny (D),
Frank Moran (D),
Denise Provost (D),
Mike Rush (D),
Paul Schmid (D),
Bruce Tarr (R),
Last Action
Accompanied a new draft, see H3853 (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/S1511 |
| Bill | https://malegislature.gov/Bills/190/S1511.pdf |
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