SECTION 1: Section 6 of Chapter 62 of the Massachusetts General Laws is hereby amended by inserting the following subsection:
(r)(1) As used in this subsection, the following words shall have the following meanings:-
"Qualified energy efficiency arboreal improvements”, the cost of labor and materials for the installation of (1) trees sited in accordance with guidelines established under the United States Forest Service Urban and Community Forestry Assistance programs Title 16 United States Code Section 2105, and (2)(a) deciduous tree(s) with a caliper of at least three-quarters of an inch or a height of six feet (as measured in accordance with the American Standard for Nursery Stock, or (b) evergreen tree(s) and shrubs of a height of at least three feet as measured in accordance with the American Standard for Nursery Stock.
"Taxpayer'', a taxpayer subject to the income tax under this chapter.
(2) A taxpayer making a qualified energy efficiency arboreal improvement shall be allowed a credit against the taxes imposed by this chapter. The credit shall be equal to 30 per cent of the amount paid or incurred by the taxpayer for qualified energy efficiency arboreal improvements installed during such taxable year. The credit allowed under this subsection shall not exceed $500, with respect to any qualified energy efficiency arboreal improvements.
(3) In any one tax year, the credit used may not exceed the amount of tax liability otherwise owed by the taxpayer. The tax credit shall be taken against the taxes imposed under this chapter and shall not be refundable. Any amount of the credit that exceeds the tax due for a taxable year may be carried forward by the taxpayer to any of the 2 subsequent tax years.
(4) Any taxpayer claiming a state income tax or excise tax credit under this section may not claim an additional state income tax credit or deduction during any one tax year for costs related to the same qualified arboreal energy efficiency improvements.
(5) Any tax credits which arise under this section shall not be treated as failing to so qualify merely because such credit was earned jointly from two or more taxpayers.
SECTION 2. Section 1 shall be effective January 1, 2014.
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