1 of 2 HOUSE DOCKET, NO. 2260 FILED ON: 1/19/2023 HOUSE . . . . . . . . . . . . . . . No. 2876 The Commonwealth of Massachusetts _________________ PRESENTED BY: Jay D. Livingstone _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act to promote high-impact community investment. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :DATE ADDED:Jay D. Livingstone8th Suffolk1/18/2023Sal N. DiDomenicoMiddlesex and Suffolk1/26/2023David Henry Argosky LeBoeuf17th Worcester2/16/2023Lindsay N. Sabadosa1st Hampshire2/16/2023Jon Santiago9th Suffolk2/16/2023Joanne M. ComerfordHampshire, Franklin and Worcester2/16/2023Paul McMurtry11th Norfolk2/16/2023Peter Capano11th Essex2/17/2023Carol A. Doherty3rd Bristol2/19/2023James B. EldridgeMiddlesex and Worcester2/19/2023Samantha MontaƱo15th Suffolk2/28/2023Natalie M. Higgins4th Worcester2/28/2023Lydia EdwardsThird Suffolk3/2/2023Gerard J. Cassidy9th Plymouth3/3/2023Daniel Cahill10th Essex3/4/2023Danielle W. Gregoire4th Middlesex3/6/2023Patrick M. O'ConnorFirst Plymouth and Norfolk3/7/2023Angelo J. Puppolo, Jr.12th Hampden3/7/2023 2 of 2 John J. CroninWorcester and Middlesex3/8/2023Rodney M. Elliott16th Middlesex3/9/2023Michael D. BradySecond Plymouth and Norfolk3/9/2023Christine P. Barber34th Middlesex3/10/2023Judith A. Garcia11th Suffolk3/10/2023Russell E. Holmes6th Suffolk3/10/2023Michael P. Kushmerek3rd Worcester3/10/2023Kevin G. Honan17th Suffolk3/14/2023Tommy Vitolo15th Norfolk3/15/2023Edward R. Philips8th Norfolk3/15/2023 1 of 1 HOUSE DOCKET, NO. 2260 FILED ON: 1/19/2023 HOUSE . . . . . . . . . . . . . . . No. 2876 By Representative Livingstone of Boston, a petition (accompanied by bill, House, No. 2876) of Jay D. Livingstone and others relative to the community investment tax credit. Revenue. The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Third General Court (2023-2024) _______________ An Act to promote high-impact community investment. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 SECTION 1: Section 38EE of Chapter 63 is hereby amended by deleting section 38EE(i) 2and replacing it with a new Section EE(i) that says (i) The department shall authorize the tax 3credits under this section. The total value of the tax credits authorized in this section, together 4with those authorized in section 6M of chapter 62, shall not exceed $12,000,000 taxable years 52023 and 2024; and shall not exceed $15,000,000 in taxable year 2025 and thereafter. 6 SECTION 2: Section 6M of Chapter 62 is hereby amended by deleting section 6M(i) and 7replacing it with a new Section 6M(i) that says (i) The department shall authorize the tax credits 8under this section. The total value of the tax credits authorized in this section, together with those 9authorized in Section 38EE of Chapter 63, shall not exceed $12,000,000 taxable years 2023 and 102024; and shall not exceed $15,000,000 in taxable year 2025 and thereafter.