An Act relative to rental credits
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill, An Act relative to rental credits, aims to regulate existing rental property tax credits in Massachusetts. It seeks to clarify and potentially expand the criteria for receiving these credits, ensuring they are applied consistently and effectively. The bill’s specific details are still being developed through committee hearings and study orders. Ultimately, the goal is to improve the administration and accessibility of these tax incentives for property owners.
Key provisions
- Clarifies eligibility criteria for rental property tax credits.
- Establishes procedures for applying for and receiving these credits.
- Directs the Committee on Revenue to study the effectiveness of current rental credit programs.
- Addresses potential inconsistencies in the application of existing credits.
- May include provisions for streamlining the application process.
Who is affected
- Landlords of rental properties in Massachusetts
- Tenants in Massachusetts
- The Massachusetts Department of Revenue
- Property owners seeking tax credits
Notable changes
- The bill will likely introduce more specific guidelines for qualifying rental properties.
- It may require changes to the current application process for tax credits.
- The study order (H5182) suggests an examination of the existing programs' performance.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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