SECTION 1: Section 38EE of Chapter 63 of the General Laws of 2020 is hereby amended by striking section 38EE(i) and replacing it with the following:- "Section EE(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 in 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 of the General Laws of 2020 is hereby amended by striking section 6M(i) and replacing it with the following:- "6M(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 in taxable years 2023 and 2024; and shall not exceed $15,000,000 in taxable year 2025 and thereafter."
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