HOUSE DOCKET, NO. 1877        FILED ON: 2/12/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2835

The Commonwealth of Massachusetts

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PRESENTED BY:

Antonio F. D. Cabral

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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 to promote development through the historic rehabilitation tax credit program.

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PETITION OF:

HOUSE DOCKET, NO. 1877        FILED ON: 2/12/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2835

The Commonwealth of Massachusetts

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In the One Hundred and Ninety-Second General Court
(2021-2022)

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An Act to promote development through the historic rehabilitation tax credit program.

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.Subsection (a) of section 6J of chapter 62 of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by inserting after the word “properties”, in line 8, the following words:-

“or consistent with standards established by the Massachusetts historical commission designed to promote the rehabilitation of historic properties for mixed commercial and residential uses”.

SECTION 2.Clause (i) of paragraph (1) of subsection (b) of said section of said chapter, as so appearing, is hereby further amended by striking out, in line 41, the figure “55,000,000” and inserting in place thereof the figure:- “75,000,000”.

SECTION 3.Subsection (a) of section 38R of chapter 63 of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by inserting after the word “properties”, in line 8, the following words:-

“or consistent with standards established by the Massachusetts historical commission designed to promote the rehabilitation of historic properties for mixed commercial and residential uses”.

SECTION 4.Clause (i) of paragraph (1) of subsection (b) of said section, of said chapter, as so appearing, is further amended by—

(a)striking out, in line 40, the figure “55,000,000” and inserting in place thereof the following figure:- “75,000,000”; and

SECTION 5.Clause (ii) of said paragraph of said subsection of said section of said chapter, as so appearing, is further amended by striking out, in line 62, the words “a percentage, not to exceed 20 percent,” and inserting in place thereof the following: “20 per cent”.