Bill Text: MA H2937 | 2009-2010 | 186th General Court | Introduced
Bill Title: Historic rehabilitation tax credits
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 9/23 at 1:00 PM in Hearing Room B2 [H2937 Detail]
Download: Massachusetts-2009-H2937-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
David M. Torrisi
_______________
To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act relative to historic rehabilitation tax credits.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
David M. Torrisi |
14th Essex |
|
John A. Hart, Jr. |
First Suffolk |
|
Susan C. Tucker |
Second Essex and Middlesex |
|
Pam Richardson |
6th Middlesex |
|
Bruce E. Tarr |
First Essex and Middlesex |
|
Stephen L. DiNatale |
3rd Worcester |
|
William Lantigua |
16th Essex |
|
Scott P. Brown |
Norfolk, Bristol and Middlesex |
|
Michael R. Knapik |
Second Hampden and Hampshire |
|
Vincent A. Pedone |
15th Worcester |
|
Antonio F.D. Cabral |
13th Bristol |
|
John D. Keenan |
7th Essex |
|
Denise Provost |
27th Middlesex |
|
Bill Bowles |
2nd Bristol |
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act relative to historic rehabilitation tax credits.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
SECTION 1. Subsection (b)(1)(i) of section 6J of chapter 62 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by striking the first sentence and inserting in place thereof the following:-
The commissioner, in consultation with the Massachusetts historical commission, shall authorize annually, for the 6 year period beginning January 1, 2009 and ending December 31, 2014, under this section, together with section 38R of chapter 63, an amount not to exceed $100,000,000 per year.
SECTION 2. Section 6J of chapter 62, as so appearing, is hereby further amended by inserting after subsection (c)(2) the following:-
(3) Nothing in this section shall prevent a completed or certified project that has been placed into service from remaining eligible for further historic rehabilitation tax credit allocations; provided that the completed projected has not received previous allocations that exceed 20 percent of the qualified rehabilitation expenditures.
SECTION 3. Subsection (b)(1)(i) of section 38R of chapter 63 of the General Laws, as so appearing, is hereby amended by striking the first sentence and inserting in place thereof the following:-
The commissioner, in consultation with the Massachusetts historical commission, shall authorize annually, for the 6 year period beginning January 1, 2009 and ending December 31, 2014, under this section, together with section 6J of chapter 62, an amount not to exceed $100,000,000 per year.
SECTION 4. Section 38R of chapter 63 of the General Laws, as so appearing, is hereby further amended by inserting after subsection (c)(2) the following:-
(3) Nothing in this section shall prevent a completed or certified project that has been placed into service from remaining eligible for further historic rehabilitation tax credit allocations; provided that the completed projected has not received previous allocations that exceed 20 percent of the qualified rehabilitation expenditures.
