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HOUSE DOCKET, NO. 4088 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 3247
The Commonwealth of Massachusetts
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PRESENTED BY:
Michael J. Soter
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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 the development of abandoned buildings.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Michael J. Soter8th Worcester1/17/2025Joseph D. McKenna18th Worcester2/6/2025Marcus S. Vaughn9th Norfolk3/10/2025 1 of 2
HOUSE DOCKET, NO. 4088 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 3247
By Representative Soter of Bellingham, a petition (accompanied by bill, House, No. 3247) of
Michael J. Soter, Joseph D. McKenna and Marcus S. Vaughn for legislation to further regulate
tax deductions for renovation of abandoned buildings. Revenue.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act to promote the development of abandoned buildings.
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 38O of Chapter 63 of the general laws, as appearing in the 2022
2Official Edition, is hereby amending by striking out the section in its entirety and inserting in
3place thereof the following:-
4 Section 38O. (a) A corporation whose excise under this chapter is based on net income
5may, in determining such net income, deduct an amount equal to 10 per cent of the cost of
6renovating an abandoned building, as defined by section 1 of chapter 200A, that is part of a
7certified project designated under section 3A of chapter 23A.
8 (b) A corporation or individual which renovates an abandoned building for the purpose of
9a housing project and sells the property upon completion shall: (i) have the profits from the sale
10be exempt from the corporation’s net income, as defined in section 30 of this chapter; or (ii) if
11said corporation lists the property or any units within the property as rental units, the income 2 of 2
12derived from the rent shall be exempt from the corporation’s net income, as so defined, for a
13period of five tax years.