Budget Amendment ID: FY2020-S3-1-R1

Redraft OTH 1

Conservation Land Tax Credit

Messrs. Tarr and Humason, Ms. Gobi, Mr. Tran, Ms. Comerford, Mr. deMacedo, Ms. DiZoglio, Messrs. Moore, Eldridge, O'Connor, Timilty, Welch and Feeney moved that the proposed new text be amended by inserting after section _ the following sections:-

SECTION XX. 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 XX. 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 XX. 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 XX. 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 XX. 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 XX. 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 XX. 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 XX. 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 XX. Sections 2 and 6 shall take effect on January 1, 2020.

SECTION XX. Sections 3 and 7 shall take effect on January 1, 2021.

SECTION XX. Sections 4 and 8 shall take effect on January 1, 2022.

SECTION XX. Sections 1 to 8, inclusive, is hereby repealed.

SECTION XX. Section 12 shall take effect on December 31, 2029.