An Act spurring intelligent development on MBTA property
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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 proposes to create tax credits for certain types of development projects located on property owned by the Massachusetts Bay Transit Authority (MBTA). The goal is to encourage smart and beneficial development around MBTA stations and facilities. The bill was referred to the Revenue Committee and subsequently concurred by the Senate, indicating it is moving forward in the legislative process.
Key provisions
- Establishes tax credits for development on MBTA property.
- The specific types of development eligible for the tax credits are not detailed in the provided text.
- The bill was referred to the Revenue Committee for review.
- The Senate concurred with the bill's passage.
Who is affected
- Massachusetts Bay Transit Authority (MBTA)
- Developers of projects on MBTA property
- Taxpayers who may benefit from the tax credits
Notable changes
- Introduces a new tax credit mechanism for development on MBTA land.
- No current law is explicitly referenced as being changed by this bill.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
David Allen Robertson
Cosponsor
David Allen Robertson
Arguments
Reasons offered for and against this legislation.
Arguments in favor
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