This bill creates a $1,500 tax credit for residents in Massachusetts manufactured housing communities who need to replace above-ground oil tanks for health and safety reasons. The credit applies specifically to residents removing tanks that require replacement due to safety hazards, following state guidelines. It directly affects residents living in manufactured housing communities who own such tanks. The provision requires tank replacement to meet Massachusetts safety standards, focusing on improving resident safety through financial assistance.
This bill creates a tax credit for businesses constructing or rehabilitating qualifying water-dependent facilities in Massachusetts designated port areas. It provides a credit equal to up to 50% of eligible construction costs for facilities used exclusively for activities like seafood processing, aquaculture, water-dependent research, or seafood storage. The credit is capped at $100 million annually, with a requirement that no single municipality receive more than 50% of available credits in a year (unless waived by the Secretary). Businesses can transfer the credit to other entities or carry it forward for up to five years if it exceeds their tax liability in a given year.
This bill expands existing tax credit programs for the motion picture industry to include video game development. It defines "video games" broadly as interactive software (excluding gambling products) and creates a new category for "video game production companies" meeting specific ownership criteria. Eligible companies can claim tax credits for qualified production costs, but cannot be more than 25% owned by entities in default on Commonwealth loans. The bill updates multiple sections of tax law to incorporate these new provisions alongside existing film industry incentives.
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.
This bill amends Massachusetts tax law to create a state-level child and dependent care tax credit. It provides a credit equal to 25% of the federal credit amount, capped at $500 per dependent, for Massachusetts residents who paid for child or dependent care. To qualify, taxpayers must be Massachusetts residents for part of the year (with credit prorated by days lived in state), and married couples must file jointly or qualify as head of household. The credit directly affects Massachusetts taxpayers with eligible care expenses who meet the residency and filing requirements.
This bill creates a tax credit for Massachusetts food businesses (like farms, restaurants, and grocery stores) that donate food to nonprofits serving people in need. Donors can claim a credit equal to the food's fair market value (up to $25,000 annually) if the nonprofit distributes it free or at cost, without reselling it for profit. It also provides legal liability protection for donors and distributors who give food (including expired items) to nonprofits or directly to people, as long as the food meets safety standards and isn't adulterated. The law requires nonprofits to certify donations and ensures compliance with health regulations for food distribution.
By Representative Markey of Dartmouth, a petition (accompanied by bill, House, No. 3178) of Christopher M. Markey relative to establishing an electric agricultural and landscape equipment tax credit. Revenue.
By Representative Cabral of New Bedford, a petition (accompanied by bill, House, No. 3036) of Antonio F. D. Cabral for legislation to establish a historic building fire prevention tax credit. Revenue.
By Mr. O'Connor, a petition (accompanied by bill, Senate, No. 2053) of Patrick M. O'Connor for legislation to establish a tax credit for individuals paying for home health care and hospice. Revenue.
By Representative Ayers of Quincy, a petition (accompanied by bill, House, No. 3013) of Bruce J. Ayers relative to establishing a tax credit for users of public waterway transportation. Revenue.
