summary
Introduced
08/03/2017
08/03/2017
In Committee
08/03/2017
08/03/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to land conservation incentives
AI Summary
This bill aims to update land conservation incentives in Massachusetts. It amends the state's tax code to allow nonprofit land conservation trusts to qualify for certain tax deductions and credits, and increases the maximum deduction and credit amounts over time. Specifically, the bill expands the definition of eligible entities for certain tax benefits, raises the maximum deduction from $2 million to $5 million, and raises the maximum credit from $2 million to $5 million. These changes are phased in over several years, with the highest levels taking effect in 2021 and expiring in 2026.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
No further action taken (on 01/01/2019)
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/H3855 |
| Bill | https://malegislature.gov/Bills/190/H3855.pdf |
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