Amendment #684, as changed to H4600

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 <w:p><w:r><w:t xml:space="preserve">moves to amend amendment 684 by striking the amendment in its entirety and inserting in place thereof the following:-

Mr. Jones of North Reading moves to amend the bill by inserting after section 40 the following 5 sections:-

SECTION 40A. Section 6 of chapter 62 of the General Laws, as appearing in the 2022 Official Edition, 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 40B. Said section 6 of said chapter 62, as so appearing, is hereby further amended by striking out, in line 835, the figure “$2,000,000” and inserting in place thereof the following figure:- $3,000,000.

SECTION 40C. Said section 6 of said chapter 62 is hereby further amended by striking out the figure “$3,000,000”, inserted by section 40B, and inserting in place thereof the following figure:- $4,000,000.

SECTION 40D. Said section 6 of said chapter 62 is hereby further amended by striking out, in line 835, the figure “$4,000,000”, inserted by section 40C, and inserting in place thereof the following figure:- $5,000,000.

SECTION 40E. Said section 6 of said chapter 62 is hereby further amended by striking out the figure “$5,000,000”, inserted by section 40D, and inserting in place thereof the following figure:- $2,000,000.

And further amend the bill by inserting after section 41 the following 5 sections:-

SECTION 41A. 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 41B. Said section 38AA of said chapter 63, as so appearing, is hereby further amended by striking out, in line 88, the figure “$2,000,000” and inserting in place thereof the following figure:- $3,000,000.

SECTION 41C. Said section 38AA of said chapter 63 is hereby further amended by striking out the figure “$3,000,000”, inserted by section 41B, and inserting in place thereof the following figure:- $4,000,000.

SECTION 41D. Said section 38AA of said chapter 63 is hereby further amended by striking out the figure “$4,000,000”, inserted by section 41C, and inserting in place thereof the following figure:- $5,000,000.

SECTION 41E. Said section 38AA of said chapter 63 is hereby further amended by striking out the figure “$5,000,000”, inserted by section 41D, and inserting in place thereof the following figure:- $2,000,000.

And moves to further amend the bill by inserting after section 104 the following 4 sections:-

SECTION 104A. Sections 40A, 40B, 41A and 41B shall take effect on January 1, 2026.

SECTION 104B. Sections 40C and 41C shall take effect on January 1, 2027.

SECTION 104C. Sections 40D and 41D shall take effect on January 1, 2028.

SECTION 104D. Sections 40E and 41E shall take effect on December 31, 2034.

Additional co-sponsor(s) added to Amendment #684, as changed to H4600

Conservation Land Tax Credit