Amendment ID: S2842-23

Amendment 23

Low-Income Housing Tax Credit Increase

Messrs. Crighton and Montigny and Ms. Moran move that the proposed new text be amended by inserting the following sections:-

"SECTION XX. Subsection (b) of said section 6I of said chapter 62 is hereby amended by striking out the figure “$20,000,000” and inserting in place thereof the following figure:-$40,000,000.

SECTION XX. Said section 6I of said chapter 62 is hereby further amended by striking out the figure “$40,000,000”, inserted by section 2, and inserting in place thereof the following figure:- $20,000,000.

SECTION XX. Subsection (b) of said section 31H of said chapter 63 is hereby amended by striking out the figure “$20,000,000” and inserting in place thereof the following figure:- $40,000,000.

SECTION XX. Said section 31H of said chapter 63 is hereby further amended by striking out the figure “$40,000,000”, inserted by section 3, and inserting in place thereof the following figure:- $20,000,000.

SECTION XX. Section 100 of chapter 142 of the acts of 2011 is hereby repealed.

SECTION XX. Sections 1 and 3 shall be effective for the tax year beginning on on January 1, 2021.

SECTION XX. Sections 2 and 4 shall take effect on January 1, 2026."