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| 2 | 2 | | SENATE DOCKET, NO. 1044 FILED ON: 1/18/2023 |
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| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 1789 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Sal N. DiDomenico |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act to promote high-impact community investment. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :Sal N. DiDomenicoMiddlesex and SuffolkMichael O. MooreSecond Worcester1/30/2023Joanne M. ComerfordHampshire, Franklin and Worcester2/10/2023James B. EldridgeMiddlesex and Worcester2/21/2023Lydia EdwardsThird Suffolk3/2/2023Jason M. LewisFifth Middlesex3/7/2023Angelo J. Puppolo, Jr.12th Hampden3/7/2023Patrick M. O'ConnorFirst Plymouth and Norfolk3/7/2023John J. CroninWorcester and Middlesex3/9/2023 1 of 1 |
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| 16 | 16 | | SENATE DOCKET, NO. 1044 FILED ON: 1/18/2023 |
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| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 1789 |
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| 18 | 18 | | By Mr. DiDomenico, a petition (accompanied by bill, Senate, No. 1789) of Sal N. DiDomenico, |
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| 19 | 19 | | Michael O. Moore, Joanne M. Comerford, James B. Eldridge and other members of the General |
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| 20 | 20 | | Court for legislation to promote high-impact community investment. Revenue. |
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| 21 | 21 | | The Commonwealth of Massachusetts |
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| 22 | 22 | | _______________ |
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| 23 | 23 | | In the One Hundred and Ninety-Third General Court |
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| 24 | 24 | | (2023-2024) |
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| 25 | 25 | | _______________ |
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| 26 | 26 | | An Act to promote high-impact community investment. |
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| 27 | 27 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 28 | 28 | | of the same, as follows: |
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| 29 | 29 | | 1 SECTION 1: Section 38EE of Chapter 63 of the General Laws of 2020 is hereby |
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| 30 | 30 | | 2amended by striking section 38EE(i) and replacing it with the following:- "Section EE(i) The |
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| 31 | 31 | | 3department shall authorize the tax credits under this section. The total value of the tax credits |
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| 32 | 32 | | 4authorized in this section, together with those authorized in section 6M of chapter 62, shall not |
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| 33 | 33 | | 5exceed $12,000,000 in taxable years 2023 and 2024; and shall not exceed $15,000,000 in taxable |
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| 34 | 34 | | 6year 2025 and thereafter." |
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| 35 | 35 | | 7 SECTION 2: Section 6M of Chapter 62 of the General Laws of 2020 is hereby amended |
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| 36 | 36 | | 8by striking section 6M(i) and replacing it with the following:- "6M(i) The department shall |
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| 37 | 37 | | 9authorize the tax credits under this section. The total value of the tax credits authorized in this |
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| 38 | 38 | | 10section, together with those authorized in Section 38EE of Chapter 63, shall not exceed |
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| 39 | 39 | | 11$12,000,000 in taxable years 2023 and 2024; and shall not exceed $15,000,000 in taxable year |
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| 40 | 40 | | 122025 and thereafter." |
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