Budget Amendment ID: FY2022-S3-262

ENV 262

Conservation Land Tax Credit

Mr. Tarr, Ms. Comerford, Mr. Eldridge, Ms. Gobi, Ms. DiZoglio, Mr. Moore, Ms. Moran, Messrs. Lesser, Hinds, O'Connor, Gomez, Timilty and Feeney moved that the proposed new text be amended by inserting after section _ the following

sections:-

SECTION X. 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 XX. 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:- $3,000,000.

SECTION XXX. 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 “$3,000,000” and inserting in place thereof the following figure:- $4,000,000.

SECTION XXXX. 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 XXXXX. 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 XXXXXX. 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 XXXXXXX. 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 XXXXXXXX. 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 XXXXXXXXX. Sections XX and XXXXXX shall take effect on January 1, 2022.

SECTION XXXXXXXXXX. Sections XXX and XXXXXXX shall take effect on January 1, 2023.

SECTION XXXXXXXXXXX. Sections XXXX and XXXXXXXX shall take effect on January 1, 2024.

SECTION XXXXXXXXXXXX. Sections XX, XXX, XXXX, XXXXXX, XXXXXXX, and XXXXXXXX of this act shall expire on December 31, 2031.