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
Relative to the Massachusetts historic rehabilitation tax credit. Revenue.
AI Summary
This bill updates the Massachusetts historic rehabilitation tax credit. It increases the annual cap on the credit to $60 million per year, expands the types of structures that qualify, allows for the transfer of unused credits, and makes other changes to the administration and eligibility requirements of the credit. The bill also aligns the definitions and provisions of the credit in both the personal income tax and corporate excise tax laws, and makes the changes effective for tax years beginning on or after January 1, 2018.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Accompanied a new draft, see H3858 (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/H1629 |
| Bill | https://malegislature.gov/Bills/190/H1629.pdf |
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