HOUSE DOCKET, NO. 989        FILED ON: 1/18/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1536

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Kevin G. Honan and Linda Dorcena Forry

_________________

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 relative to low-income housing tax credits.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Kevin G. Honan

17th Suffolk

1/18/2017

Linda Dorcena Forry

First Suffolk

1/20/2017

Brian M. Ashe

2nd Hampden

1/19/2017

Christine P. Barber

34th Middlesex

2/2/2017

Daniel Cahill

10th Essex

1/19/2017

Gerard Cassidy

9th Plymouth

1/19/2017

Nick Collins

4th Suffolk

2/2/2017

Daniel Cullinane

12th Suffolk

2/2/2017

Marjorie C. Decker

25th Middlesex

1/24/2017

James B. Eldridge

Middlesex and Worcester

2/3/2017

Sean Garballey

23rd Middlesex

2/3/2017

Denise C. Garlick

13th Norfolk

2/3/2017

Kenneth I. Gordon

21st Middlesex

1/26/2017

Paul R. Heroux

2nd Bristol

1/31/2017

Peter V. Kocot

1st Hampshire

2/1/2017

Jack Lewis

7th Middlesex

2/1/2017

Barbara A. L'Italien

Second Essex and Middlesex

1/30/2017

Joan B.  Lovely

Second Essex

2/3/2017

Elizabeth A. Malia

11th Suffolk

2/3/2017

Joseph W. McGonagle, Jr.

28th Middlesex

1/29/2017

Paul McMurtry

11th Norfolk

2/1/2017

Frank A. Moran

17th Essex

1/18/2017

Sarah K. Peake

4th Barnstable

2/3/2017

David M. Rogers

24th Middlesex

1/24/2017

Jeffrey Sánchez

15th Suffolk

1/18/2017

Thomas M. Stanley

9th Middlesex

1/18/2017

José F. Tosado

9th Hampden

1/20/2017

Chynah Tyler

7th Suffolk

2/2/2017


HOUSE DOCKET, NO. 989        FILED ON: 1/18/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1536

By Representative Honan of Boston and Senator Forry, a joint petition (accompanied by bill, House, No. 1536) of Kevin G. Honan, Linda Dorcena Forry and others relative to low-income housing tax credits.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act relative to low-income housing tax credits.

 

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 section 6I of chapter 62 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by striking out lines 57-60, and inserting in place thereof the following:-

$20,000,000; (ii) $5,000,000 for use in preserving and improving existing state or federally-assisted housing; (iii) unused Massachusetts low-income housing tax credits, if any, for the preceding calendar years; and (iv) Massachusetts low-income housing tax credits returned to the department by a qualified Massachusetts project. 

SECTION 2. Said section 6I of said chapter 62, as so appearing, is hereby further amended by adding the following:-

(k) The department may provide that upon application for state tax credits issued by the department, such taxpayer may elect to receive such state tax credit in a single year on terms specified by the department in accordance with its qualified allocation plan.

SECTION 3. Paragraph (1) of subsection (b) of section 31H of chapter 63 of the General Laws, as so appearing, is hereby amended by striking out lines 58-61, and inserting in place thereof the following:-

$20,000,000; (ii) $5,000,000 for use in preserving and improving existing state or federally-assisted housing; (iii) unused Massachusetts low-income housing tax credits, if any, for the preceding calendar years; and (iv) Massachusetts low-income housing tax credits returned to the department by a qualified Massachusetts project. 

SECTION 4. Said Section 31H of chapter 63, as so appearing, is hereby further amended by adding the following:-

(k) The department may provide that upon application for state tax credits issued by the department, such taxpayer may elect to receive such state tax credit in a single year on terms specified by the department in accordance with its qualified allocation plan. 

SECTION 5. This act shall take effect for the tax year beginning January 1, 2018.

SECTION 8. This act shall expire on December 31, 2025.