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 providing tax incentives for the installation of fire sprinklers. Revenue.
AI Summary
This bill provides tax incentives for the installation of fire sprinklers in two-family and multi-family residential premises. Specifically, the bill allows municipalities to reduce the real property tax by up to 30% of the cost of installing a fire sprinkler system, as long as the owner is not already required by law to install such a system. It also provides a state-level tax credit of up to 30% of the installation cost for the same type of property owners. The tax credit or reduction can be carried forward for up to 5 years if the full amount cannot be used in the year the system is installed.
Committee Categories
Budget and Finance
Sponsors (10)
Jennifer Benson (D),
Jamie Eldridge (D),
Carlos González (D),
Louis Kafka (D),
Peter Kocot (D),
Barbara L'Italien (D),
Sarah Peake (D),
John Scibak (D),
Bruce Tarr (R),
Aaron Vega (D),
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
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/H2612 |
| Bill | https://malegislature.gov/Bills/190/H2612.pdf |
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