SENATE DOCKET, NO. 418        FILED ON: 1/14/2023

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1940

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Bruce E. Tarr

_________________

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 increasing the conservation land tax credit.

_______________

PETITION OF:

 

Name:

District/Address:

 

Bruce E. Tarr

First Essex and Middlesex

 

James B. Eldridge

Middlesex and Worcester

1/24/2023

Hannah Kane

11th Worcester

1/25/2023

Michael O. Moore

Second Worcester

2/1/2023

Thomas M. Stanley

9th Middlesex

2/7/2023

Julian Cyr

Cape and Islands

2/8/2023

Ryan C. Fattman

Worcester and Hampden

2/10/2023

Joanne M. Comerford

Hampshire, Franklin and Worcester

2/21/2023

Anne M. Gobi

Worcester and Hampshire

2/21/2023

Sal N. DiDomenico

Middlesex and Suffolk

3/9/2023

David F. DeCoste

5th Plymouth

4/5/2023

David T. Vieira

3rd Barnstable

5/15/2023

Pavel Payano

First Essex

11/7/2023


SENATE DOCKET, NO. 418        FILED ON: 1/14/2023

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1940

By Mr. Tarr, a petition (accompanied by bill, Senate, No. 1940) of Bruce E. Tarr, James B. Eldridge, Hannah Kane, Michael O. Moore and other members of the General Court for legislation to increase the conservation land tax credit.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1986 OF 2021-2022.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Third General Court
(2023-2024)

_______________

 

An Act increasing the conservation land 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. Subsection (p) of section 6 of chapter 62 of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by adding, in line 769, after the words “as amended” the following words:- “, or private nonprofit trust compliant with chapter 203 organized for the purposes of land conservation, which is authorized to do business in the commonwealth, and which has tax-exempt status as a nonprofit charitable organization as described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.

SECTION 2. Said subsection (p) of said section 6 of said chapter 62, as so appearing, is hereby amended by striking out, in line 835, the figure “$2,000,000” and inserting in place thereof the following figure:- “$3,000,000”.

SECTION 3. Said subsection (p) of said section 6 of said chapter 62, as so appearing, is hereby amended by striking out, in line 835, the figure “$3,000,000” and inserting in place thereof the following figure:- “$4,000,000”.

SECTION 4. Said subsection (p) of said section 6 of said chapter 62, as so appearing, is hereby amended by striking out, in line835, the figure “$4,000,000”and inserting in place thereof the following figure:- “$5,000,000”.

SECTION 5. Section 38AA of chapter 63, as so appearing, is hereby amended by adding, in line 29, after the words “as amended” the following words:- , or a private nonprofit trust compliant with chapter 203 organized for the purposes of land conservation, which is authorized to do business in the commonwealth, and which has tax-exempt status as a nonprofit charitable organization as described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.

SECTION 6. Said section 38AA of said chapter 63, as so appearing, is hereby amended by striking out, in line 88, the figure “$2,000,000” and inserting in place thereof the following figure:- “$3,000,000”.

SECTION 7. Said section 38AA of said chapter 63, as so appearing, is hereby amended by striking out, in line 88, the figure “$3,000,000” and inserting in place thereof the following figure:- “$4,000,000”.

SECTION 8. Said section 38AA of said chapter 63, as so appearing, is hereby amended by striking out, in line 88, the figure “$4,000,000” and inserting in place thereof the following figure:- “$5,000,000”.

SECTION 9. Sections 2 and 6 shall take effect on January 1, 2024.

SECTION 10. Sections 3 and 7 shall take effect on January 1, 2025.

SECTION 11. Sections 4 and 8 shall take effect on January 1, 2026.

SECTION 12. Sections 2, 3, 4, 6, 7, and 8 of this act shall expire on December 31, 2033.