Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H2829 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1 of 1
2	2	HOUSE DOCKET, NO. 1945 FILED ON: 1/19/2023
3	3	HOUSE . . . . . . . . . . . . . . . No. 2829
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Kevin G. Honan
8	8	_________________
9	9	To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
10	10	Court assembled:
11	11	The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
12	12	An Act relative to improving the efficiency of the state low income housing tax credit.
13	13	_______________
14	14	PETITION OF:
15	15	NAME:DISTRICT/ADDRESS :DATE ADDED:Kevin G. Honan17th Suffolk1/19/2023 1 of 3
16	16	HOUSE DOCKET, NO. 1945 FILED ON: 1/19/2023
17	17	HOUSE . . . . . . . . . . . . . . . No. 2829
18	18	By Representative Honan of Boston, a petition (accompanied by bill, House, No. 2829) of Kevin
19	19	G. Honan relative to the low income housing tax credit. Revenue.
20	20	[SIMILAR MATTER FILED IN PREVIOUS SESSION
21	21	SEE HOUSE, NO. 2939 OF 2021-2022.]
22	22	The Commonwealth of Massachusetts
23	23	_______________
24	24	In the One Hundred and Ninety-Third General Court
25	25	(2023-2024)
26	26	_______________
27	27	An Act relative to improving the efficiency of the state low income housing tax credit.
28	28	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
29	29	of the same, as follows:
30	30	1 SECTION 1. Subsection (a) of section 6I of chapter 62 of the General Laws, as appearing
31	31	2in the 2018 Official Edition, is hereby amended by inserting before the definition of
32	32	3“Commissioner” the following definition:-
33	33	4 “Allocatee” a taxpayer which is (i) the owner of a qualified Massachusetts project or (ii)
34	34	5has committed to provide funding to a qualified Massachusetts project in an amount
35	35	6commensurate with the allocation of low-income housing tax credit by the department to such
36	36	7taxpayer.
37	37	8 SECTION 2. Paragraph (3) of subsection (b) of said section 6I of said chapter 62 is
38	38	9hereby further amended by inserting before the first sentence the following sentence:- 2 of 3
39	39	10 The department may allocate the low-income housing tax credits pursuant to this section
40	40	11to an allocatee.
41	41	12 SECTION 3. Paragraph (4) of subsection (c) of said section 6I of said chapter 62 is
42	42	13hereby further amended by striking out in lines 140 and 142, as so appearing, the word “owner”
43	43	14and inserting in place thereof, in each instance, the following word:- allocatee.
44	44	15 SECTION 4. Paragraph (1) of subsection (d) of said section 6I of said chapter 62 is
45	45	16hereby further amended by striking out in line 170, as so appearing, the word “owner” and
46	46	17inserting in place thereof, the following word:- allocatee.
47	47	18 SECTION 5. Said Paragraph (1) of said subsection (d) of said section 6I of said chapter
48	48	1962 is hereby further amended by striking out in line 172, as so appearing, the words “project
49	49	20owner’s” and inserting in place thereof, the following word:- allocatee’s.
50	50	21 SECTION 6. Paragraph (2) of subsection (f) of said section 6I of said chapter 62 is
51	51	22hereby further amended by striking out in lines 197 and 202, as so appearing, the word “owner”
52	52	23and inserting in place thereof, in each instance, the following word:- allocatee.
53	53	24 SECTION 7. Subsection (a) of section 31H of chapter 63 of the General Laws, as
54	54	25appearing in the 2016 Official Edition, is hereby amended by inserting before the definition of
55	55	26“Commissioner” the following definition:-
56	56	27 “Allocatee” a taxpayer which is (i) the owner of a qualified Massachusetts project or (ii)
57	57	28has committed to provide funding to a qualified Massachusetts project in an amount
58	58	29commensurate with the allocation of low-income housing tax credit by the department to such
59	59	30taxpayer. 3 of 3
60	60	31 SECTION 8. Paragraph (3) of subsection (b) of said section 31H of said chapter 63 is
61	61	32hereby further amended by inserting before the first sentence the following sentence:-
62	62	33 The department may allocate the low-income housing tax credits pursuant to this section
63	63	34to an allocatee.
64	64	35 SECTION 9. Paragraph (4) of subsection (c) of said section 31H of said chapter 63 is
65	65	36hereby further amended by striking out in lines 143, 144 and 145, as so appearing, the word
66	66	37“owner” and inserting in place thereof, in each instance, the following word:- allocatee.
67	67	38 SECTION 10. Paragraph (1) of subsection (d) of said section 31H of said chapter 63 is
68	68	39hereby further amended by striking out in line 172, as so appearing, the word “owner” and
69	69	40inserting in place thereof, the following word:- allocatee.
70	70	41 SECTION 11. Said Paragraph (1) of said subsection (d) of said section 31H of said
71	71	42chapter 63 is hereby further amended by striking out in line 174, as so appearing, the words
72	72	43“project owner’s” and inserting in place thereof, the following word:- allocatee’s.
73	73	44 SECTION 12. Paragraph (2) of subsection (f) of said section 31H of said chapter 63 is
74	74	45hereby further amended by striking out in lines 200 and 205, as so appearing, the word “owner”
75	75	46and inserting in place thereof, in each instance, the following word:- allocatee.