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 a historic building fire prevention tax credit. Revenue.
AI Summary
This bill establishes a historic building fire prevention tax credit. The credit would allow a person, firm, partnership, trust, estate, limited liability company, or other entity subject to the Massachusetts income tax to claim a credit of up to 50% of the costs incurred for installing a fire protection sprinkler system in a qualified historic structure, with a maximum credit of $10,000 per taxpayer per fiscal year. The Massachusetts Fire Prevention Regulations Board will determine the eligibility criteria for the credit, and the credit can be claimed until 2031. Unused credits can be carried forward for up to 5 years.
Committee Categories
Budget and Finance
Sponsors (1)
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/H3307 |
| Bill | https://malegislature.gov/Bills/190/H3307.pdf |
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