Amendment #16 to H3770

Promoting High-Impact Community Investments

Mr. Livingstone of Boston moves to amend the bill by adding the following section:

"SECTION XX: Section 38EE of Chapter 63 is hereby amended by deleting section 38EE(i) and replacing it with a new Section EE(i) that says (i) The department shall authorize the tax credits under this section. The total value of the tax credits authorized in this section, together with those authorized in section 6M of chapter 62, shall not exceed $12,000,000 taxable years 2023 and 2024; and shall not exceed $15,000,000 in taxable year 2025 and thereafter.

SECTION XX: Section 6M of Chapter 62 is hereby amended by deleting section 6M(i) and replacing it with a new Section 6M(i) that says (i) The department shall authorize the tax credits under this section. The total value of the tax credits authorized in this section, together with those authorized in Section 38EE of Chapter 63, shall not exceed $12,000,000 taxable years 2023 and 2024; and shall not exceed $15,000,000 in taxable year 2025 and thereafter."