Amendment #76 to H4700

Conservation Land Tax Credit

Representatives Jones of North Reading, Ferguson of Holden, Frost of Auburn, Gifford of Wareham, Barrows of Mansfield and Smola of Warren moves to amend the bill by inserting, after section 10, the following 4 sections:-

SECTION 10A. Subsection (p) of section 6 of chapter 62 of the General Laws, as so appearing, is hereby amended by inserting after the word “amended”, in line 769, the following words:- , or a private nonprofit trust established pursuant to 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 10B. 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:- $4,000,000.

SECTION 10C. 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 “$4,000,000” and inserting in place thereof the following figure:- $5,000,000.

SECTION 10D. 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 “$5,000,000” and inserting in place thereof the following figure:- $7,500,000.

And further amend the bill by inserting, after section 11, the following 4 sections:-

SECTION 11A. Section 38AA of chapter 63, as so appearing, is hereby amended by inserting after the word “amended”, in line 29, the following words:- , or a private nonprofit trust established pursuant to 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 11B. 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:- $4,000,000.

SECTION 11C. 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 11D. Said section 38AA of said chapter 63, as so appearing, is hereby amended by striking out, in line 88, the figure “$5,000,000” and inserting in place thereof the following figure:- $7,500,000.

And further amend the bill by inserting, after section 49, the following 4 sections:-

SECTION 49A. Sections 10B and 11B shall take effect on January 1, 2023.

SECTION 49B. Sections 10C and 11C shall take effect on January 1, 2024.

SECTION 49C. Sections 10D and 11D shall take effect on January 1, 2025.

SECTION 49D. Sections 10B, 10C, 10D, 11B, 11C and 11D of this act shall expire on December 31, 2033.

Additional co-sponsor(s) added to Amendment #76 to H4700

Conservation Land Tax Credit