Amendment ID: S2834-10

Amendment 10

Historic Rehabilitation Tax Credit

Mr. Tarr moves that the proposed new text be amended by adding the following 6 sections:

“SECTION XA. Section 6J of chapter 62 of the General Laws, as appearing in the Official Edition, is hereby amended by striking out, in line 39, the figure “2027” and inserting in place thereof the figure 2030.

SECTION XB. Said section 6J of said chapter 62, as so appearing, is hereby further amended by striking out, in line 41, the figure “$55,000,000” and inserting in place thereof the following figure $110,000,000.

SECTION XC. Section 38R of chapter 63 of the General Laws, as so appearing, is hereby amended by striking out, in line 38, the figure “2027” and inserting in place thereof the figure 2030.

SECTION XD. Said section 38R of said chapter 63, as so appearing, is hereby further amended by striking out, in line 40, the figure “$55,000,000” and inserting in place thereof the following figure $110,000,000.”

SECTION XE. Sections XB and XD shall apply to tax years beginning on or after January 1, 2024 and ending on or before December 31, 2030.

SECTION XF. Notwithstanding the provisions of 830 CMR 63.38R.1 or any general or special law to the contrary  in calendar years beginning on or after January 1, 2024 and ending on or before December 31, 2030 at least 50 per cent of the tax credits issued by the Massachusetts historical commission under section 6J of chapter 62 of the General Laws and section 38R of chapter 63 of the General Laws, shall be allocated to projects that contain affordable housing whenever possible and consistent with the criteria of eligibility."