HOUSE DOCKET, NO. 2030 FILED ON: 1/17/2013
HOUSE . . . . . . . . . . . . . . . No. 2639
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The Commonwealth of Massachusetts
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PRESENTED BY:
Robert M. Koczera
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act amending the historic rehabilitation tax credit.
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PETITION OF:
Name: | District/Address: | Date Added: |
Robert M. Koczera | 11th Bristol |
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William M. Straus | 10th Bristol | 2/1/2013 |
Ann-Margaret Ferrante | 5th Essex | 1/18/2013 |
Cory Atkins | 14th Middlesex |
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Marcos A. Devers | 16th Essex |
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Mary S. Keefe | 15th Worcester |
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Mark C. Montigny | Second Bristol and Plymouth |
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Sal N. DiDomenico | Middlesex and Suffolk |
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Michael O. Moore | Second Worcester |
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Stephen L. DiNatale | 3rd Worcester |
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Antonio F. D. Cabral | 13th Bristol |
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HOUSE DOCKET, NO. 2030 FILED ON: 1/17/2013
HOUSE . . . . . . . . . . . . . . . No. 2639
By Mr. Koczera of New Bedford, a petition (accompanied by bill, House, No. 2639) of Robert M. Koczera and others relative to increasing the cap on the historic rehabilitation tax credit. Revenue. |
The Commonwealth of Massachusetts
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In the Year Two Thousand Thirteen
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An Act amending the historic rehabilitation 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. Paragraph (1) of subsection (b) of said section 6j of chapter 62 of the General Laws, as so appearing, is hereby amended by striking subparagraph (i) and inserting in place thereof the following subparagraph:
(i)The commissioner, in consultation with the Massachusetts historical commission, shall authorize annually, for the 12-year period beginning January 1, 2014 and ending December 31, 2025 under this section together with section 38R of chapter 63, an amount not to exceed $60,000,000. The Massachusetts historical commission shall determine the criteria for eligibility for the credit, the criteria to be set forth in regulations promulgated under this section; but, at least 25 per cent of the tax credits shall be allowed to projects that contain affordable housing whenever possible and consistent with the criteria.
Section 2. Paragraph (1) of subsection (b) of section 38R of chapter 63 of the General Laws, as so appearing, is hereby amended by striking subparagraph (i) and inserting in place thereof the following subparagraph:
(i)The commissioner, in consultation with the Massachusetts historical commission, shall authorize annually, for the 12-year period beginning January 1, 2014 and ending December 31, 2025 under this section together with section 6j of chapter 62, an amount not to exceed $60,000,000. The Massachusetts historical commission shall determine the criteria for eligibility for the credit, the criteria to be set forth in regulations promulgated under this section; but, at least 25 per cent of the tax credits shall be allowed to projects that contain affordable housing whenever possible and consistent with the criteria.