Bill Text: MA H2908 | 2009-2010 | 186th General Court | Introduced
Bill Title: Local option tax credits for the cost of purchase and installation of alternative energy
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 9/23 at 1:00 PM in Hearing Room B2 [H2908 Detail]
Download: Massachusetts-2009-H2908-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Frank I. Smizik
_______________
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 passage of the accompanying bill:
An Act CREATING A LOCAL OPTION ALLOWING A TAX CREDIT FOR THE COST OF PURCHASE AND INSTALLATION OF ALTERNATIVE ENERGY EQUIPMENT.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
Frank I. Smizik |
15th Norfolk |
|
Tom Sannicandro |
7th Middlesex |
|
Geraldo Alicea |
6th Worcester |
|
Timothy J. Toomey, Jr. |
26th Middlesex |
|
Jennifer M. Callahan |
18th Worcester |
|
Bruce E. Tarr |
First Essex and Middlesex |
|
Thomas M. Stanley |
9th Middlesex |
|
Lori Ehrlich |
8th Essex |
|
Brian A. Joyce |
Norfolk, Bristol and Plymouth |
|
Susan C. Fargo |
Third Middlesex |
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act CREATING A LOCAL OPTION ALLOWING A TAX CREDIT FOR THE COST
OF PURCHASE AND INSTALLATION OF ALTERNATIVE ENERGY EQUIPMENT.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
Section 1. Section 5 of chapter 59 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting, after the paragraph beginning “Fifty-fifth,” the following:-
Fifty-sixth. Real estate that qualifies as an “alternative energy property,” as defined in Section 3 of chapter 25A of the General Laws, as amended by chapter 169 of the acts of 2008, shall receive a reduction in tax equal to the cost of purchase and installation during the year of purchase not to exceed 10% or $2,000, whichever is less, and shall be borne by the city or town.
This clause shall take effect upon its acceptance by any city or town as the city or town may elect. A city or town, by vote of its legislative body, subject to its charter, may adjust the exemption contained in this clause by increasing or decreasing the amount of the exemption by as much as 50 per cent.
