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 low-income housing tax credits. Revenue.
AI Summary
This bill amends Massachusetts law to increase the annual cap on low-income housing tax credits from $20 million to $25 million, with $5 million set aside for preserving and improving existing state or federally-assisted housing. The bill also allows taxpayers to elect to receive the state tax credits in a single year, rather than over multiple years, as specified by the state housing department's qualified allocation plan. The changes are effective for the tax year beginning January 1, 2018 and expire on December 31, 2025.
Committee Categories
Budget and Finance
Sponsors (28)
Kevin Honan (D)*,
Brian Ashe (D),
Christine Barber (D),
Dan Cahill (D),
Gerry Cassidy (D),
Nick Collins (D),
Daniel Cullinane (D),
Marjorie Decker (D),
Jamie Eldridge (D),
Linda Forry (D),
Sean Garballey (D),
Denise Garlick (D),
Ken Gordon (D),
Paul Heroux (D),
Peter Kocot (D),
Barbara L'Italien (D),
Jack Lewis (D),
Joan Lovely (D),
Elizabeth Malia (D),
Joe McGonagle (D),
Paul McMurtry (D),
Frank Moran (D),
Sarah Peake (D),
Dave Rogers (D),
Jeffrey Sánchez (D),
Tom Stanley (D),
José Tosado (D),
Chynah Tyler (D),
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H1536 |
| Bill | https://malegislature.gov/Bills/190/H1536.pdf |
Loading...