HOUSE DOCKET, NO. 4129 FILED ON: 11/17/2011
HOUSE . . . . . . . . . . . . . . . No. 3830
In the Year Two Thousand Eleven
An Act to Improve the Innovative Infrastructure Investment 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. Section 5 of Chapter 293 of the acts of 2006 is hereby amended by inserting after the words "transportation facilities", as appearing in the definition "Public infrastructure improvements", the following words:--parking garages,.
Section 2. The second sentence of subsection (e) of section 7 of chapter 293 of the acts of 2006, as inserted by section 7 of chapter 129 of the acts of 2008, is hereby amended by striking out the figure "2" and inserting in place thereof the following figure:--4
Section 3. Chapter 293 of the acts of 2006 as amended by chapter 129 of the acts of 2008 is hereby further amended by inserting after section 12A the following new section:--
Section 12B. Notwithstanding any other provision of this act, new revenue and new state tax revenues may, respectively, and to the extent and in the manner approved by the secretary, include revenue and state tax revenue attributable to construction-related activity and purchases in connection with an economic development project, and all calculations of any matter under the act, including, without limitation, calculation of infrastructure assessments and shortfalls, shall reflect such inclusion in the manner approved by the secretary. The commissioner shall certify the amount of new state tax revenues attributable to such construction-related activity and purchases in the manner and at the times specified in the secretary's certification of the economic development project.