H3036 — An Act relative to historic building tax credits
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1Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
An Act relative to historic building tax credits
Bill Text
- Full text Current
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
This bill adds a new section establishing a historic building fire prevention tax credit for certain taxpayers.
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Chapter 62
Section 6P. Historic Building Fire Prevention Tax Credits. (a) There is hereby established a historic building fire prevention tax credit. A person, firm, partnership, trust, estate, limited liability company, or other entity subject to the income tax imposed by the provisions of this chapter or chapter 63 of the General Laws shall be allowed a credit, to be computed as hereinafter provided, against taxes owed to the commonwealth under chapter 62 or chapter 63 toward the cost of the installation of a fire protection sprinkler system, as defined in section 81 of chapter 146 of the General Laws, in a qualified historic structure, as defined in section 6J of chapter 62 of the General Laws. (b) The credit allowed under this section shall be equal to 50 percent of the costs incurred installing said system, with a maximum credit of $10,000 per taxpayer in any fiscal year. The Massachusetts fire Prevention regulations board shall determine the criteria for eligibility for the credit, the criteria to be set forth in regulations promulgated under this section. The credit allowable under this section shall be allowed for any taxable year until 2035. (c) Tax credits allowed under this section shall be allowed for the taxable year in which the costs are incurred; provided, however, that a tax credit allowed under this section shall not reduce the tax owed below $0. A taxpayer allowed a credit under this section for a taxable year may carry over and apply against such taxpayer’s tax liability in any of the succeeding 5 taxable years, the portion, as reduced from year to year, of those credits which exceed the tax for the taxable year.
This creates a new tax credit for installation of fire protection systems in historic buildings.
Sponsors
- Antonio F. D. Cabral · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 203 not signed on
Sponsors (1)
- Antonio F. D. Cabral Democrat
Co-sponsors (0)
None.
Not signed on (203)
203 members have not signed on to this bill.
Show all 203 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does H3036 do?
- An Act relative to historic building tax credits
- Who sponsors H3036?
- H3036 is sponsored by Antonio F. D. Cabral (Democrat).
- What is the current status of H3036?
- This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track H3036?
- Track H3036 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 4 months ago · updated continuously
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