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 increasing the cap on the historic rehabilitation tax credit. Revenue.
AI Summary
This bill amends the historic rehabilitation tax credit by increasing the annual cap on the total amount of tax credits that can be authorized from $60 million to $60 million per year for the 12-year period from January 1, 2017 to December 31, 2028. The Massachusetts Historical Commission is responsible for determining the eligibility criteria for the tax credits, and at least 25% of the credits must be allocated to projects that contain affordable housing whenever possible and consistent with the established criteria.
Committee Categories
Budget and Finance
Sponsors (6)
Tony Cabral (D),
Robert Koczera (D),
Elizabeth Malia (D),
Paul Schmid (D),
Alan Silvia (D),
Chris Walsh (D),
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/H1562 |
| Bill | https://malegislature.gov/Bills/190/H1562.pdf |
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