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Bill > H1539


MA H1539

MA H1539
Relative to Title 5 income tax credit reform


summary

Introduced
01/23/2017
In Committee
05/04/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to Title V income tax credit reform of financial aid for homeowners who have incurred costs for the repair or replacement of failed septic systems. Revenue.

AI Summary

This bill amends Section 6(i) of Chapter 62 of the General Laws to increase the income tax credit for homeowners who have incurred costs for the repair or replacement of failed septic systems. Specifically, it raises the maximum credit from $15,000 to $25,000, the maximum credit rate from $1,500 to $4,000, and the maximum total credit from $6,000 to $10,000. This change is intended to provide more financial assistance to homeowners who have had to make costly repairs or replacements to their septic systems.

Committee Categories

Budget and Finance

Sponsors (12)

Last Action

No further action taken (on 01/01/2019)

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