Bill

Bill > H2607


MA H2607

Relative to the conservation land tax


summary

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

Introduced Session

190th General Court

Bill Summary

For legislation to increase the limit on tax credits for donations of certified land to public or private conservation agencies. Revenue.

AI Summary

This bill aims to increase the limit on tax credits for donations of certified land to public or private conservation agencies. Specifically, the bill proposes to raise the limit on the tax credit for such donations from $2 million to $3 million, $4 million, and $5 million in 2018, 2019, and 2020 respectively. The bill also expands the definition of eligible recipients of these tax credits to include nonprofit trusts organized for land conservation purposes. The bill is set to expire on December 31, 2025.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

Accompanied a new draft, see H3855 (on 08/03/2017)

bill text


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