SECTION 1: Section 38EE of Chapter 63 is hereby amended by deleting section 38EE(i) and replacing it with a new Section EE(i) that says (i) The department shall authorize the tax credits under this section. The total value of the tax credits authorized in this section, together with those authorized in section 6M of chapter 62, shall not exceed $12,000,000 taxable years 2023 and 2024; and shall not exceed $15,000,000 in taxable year 2025 and thereafter.
SECTION 2: Section 6M of Chapter 62 is hereby amended by deleting section 6M(i) and replacing it with a new Section 6M(i) that says (i) The department shall authorize the tax credits under this section. The total value of the tax credits authorized in this section, together with those authorized in Section 38EE of Chapter 63, shall not exceed $12,000,000 taxable years 2023 and 2024; and shall not exceed $15,000,000 in taxable year 2025 and thereafter.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.