An Act establishing a tax credit for artist work space

This bill creates a Massachusetts artist workspace tax credit for construction or renovation projects in designated cultural districts. It allows contractors and developers to claim a non-refundable tax credit over five years, up to a $20 million annual cap, to offset costs of creating artist workspaces. The credit applies only to projects meeting specific criteria and certified by the Department of Housing and Community Development. Directly, it affects contractors working on eligible projects and artists who gain access to new or renovated workspace in cultural districts.