Amendment #559 to H4000

Conservation Land Tax Credit

Representatives Jones of North Reading, Ferguson of Holden, Frost of Auburn, Muradian of Grafton, Vieira of Falmouth and Smola of Warren move to amend the bill by adding the following sections: 

“SECTION AA. 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 BB. 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 CC. 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 DD. 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 EE. 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.

SECTION FF. 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 GG. 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 HH. 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 II. 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 JJ. 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.

SECTION KK. Sections AA, BB, FF and GG shall take effect on January 1, 2026.

SECTION LL. Sections CC and HH shall take effect on January 1, 2027.

SECTION MM. Sections DD and II shall take effect on January 1, 2028.

SECTION NN. Sections EE and JJ of this act shall take effect on December 31, 2035.”

Additional co-sponsor(s) added to Amendment #559 to H4000

Conservation Land Tax Credit