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
For legislation to establish an artist workspace tax credit. Revenue.
AI Summary
This bill establishes a Massachusetts artist workspace tax credit to encourage the construction and renovation of buildings in designated cultural districts that provide artists with the necessary workspace to produce art. The credit can be claimed by eligible taxpayers, such as contractors and subcontractors, and is administered by the Department of Housing and Community Development. The total available credit is capped at $20 million annually, and the department is responsible for allocating the credits among qualified projects based on their need for economic feasibility. The credit can be claimed for up to 5 years and is not refundable, but any unused portion can be carried forward. The bill also allows taxpayers to elect to receive the credit in the form of a loan by transferring it to the department.
Committee Categories
Budget and Finance
Sponsors (5)
Brendan Crighton (D),
Michelle DuBois (D),
Ann-Margaret Ferrante (D),
Carlos González (D),
Sarah Peake (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/H2590 |
| Bill | https://malegislature.gov/Bills/190/H2590.pdf |
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