Budget Amendment ID: FY2019-S4-4

OTH 4

Conservation Land Tax Credit Cumulative

Mr. Tarr, Ms. O'Connor Ives, Messrs. Cyr, Eldridge, Brownsberger and Hinds, Ms. Gobi, Messrs. Feeney, O'Connor and Ross, Ms. L'Italien, Messrs. Fattman and Moore moved that the proposed new text be amended by inserting at the end the following twelve sections:

“SECTION AA.  Subsection (p) of section 6 of chapter 62 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by adding, in line 760, after the words “as amended” the following words:- “, or a nonprofit trust in realty organized for the purposes of land conservation established pursuant to chapter 203.”

SECTION BB.  Said subsection (p) of said section 6 of said chapter 62, as so appearing, is hereby amended by striking out, in line 826, the figure “$2,000,000” and inserting in place thereof the following figure:- “$3,000,000”.

SECTION CC.  Said subsection (p) of said section 6 of said chapter 62, as so appearing, is hereby amended by striking out, in line 826, the figure “$3,000,000” and inserting in place thereof the following figure:- “$4,000,000”.

SECTION DD.  Said subsection (p) of said section 6 of said chapter 62, as so appearing, is hereby amended by striking out, in line 826, the figure “$4,000,000”and inserting in place thereof the following figure:- “$5,000,000”.

SECTION EE. 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 nonprofit trust in realty organized for the purposes of land conservation established pursuant to chapter 203.

SECTION FF. 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 GG. 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 HH. 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 II.  Sections BB and FF shall take effect on January 1, 2019.

SECTION JJ. Sections CC and GG shall take effect on January 1, 2020.

SECTION KK. Sections DD and HH shall take effect on January 1, 2021.

SECTION LL. This act shall expire on December 31, 2029.”