HOUSE DOCKET, NO. 3225        FILED ON: 1/14/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2685

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act relative to expanding the septic system tax credit..

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Section 1: Part (i), Section 6, Chapter 62, of the Massachusetts General Laws is hereby amended by inserting the word “refundable” before the word “credit” in the line “…shall be allowed a credit equal to 40 per cent of the expenditures for design and construction expenses …”

Section 2: Part (i), Section 6, Chapter 62, of the Massachusetts General Laws is hereby amended by striking the word “failed” in the line “…shall be allowed a credit equal to 40 per cent of the expenditures for design and construction expenses for the repair or replacement of a failed cesspool or septic system.”

Section 1: Part (i), Section 6, Chapter 62, of the Massachusetts General Laws is hereby amended by striking the word “five” in the line “… that said credit shall not exceed $1,500 in any tax year and any excess credit may be applied over the following five subsequent tax years up to an aggregate maximum of $6,000 …” and inserting thereof in its place the word “ten”

Section 4: This act shall take effect upon passage.