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 expand the Brownfields tax credit to encourage affordable housing. Revenue.
AI Summary
This bill expands the Brownfields tax credit to encourage affordable housing development. Specifically, it amends two sections of state law to allow the tax credit to be applied to properties that have an "activity and use limitation" recorded after June 20, 2014, if at least 20% of the residential units in the development are restricted to households making 120% or less of the area median income. This change aims to incentivize the redevelopment of contaminated properties for affordable housing projects.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Accompanied a new draft, see H3851 (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 |
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State Bill Page | https://malegislature.gov/Bills/190/S1611 |
Bill | https://malegislature.gov/Bills/190/S1611.pdf |
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