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Bill > H1629


MA H1629

Updating the Massachusetts historic rehabilitation tax credit


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
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)

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