Skip to main content
Find a Lawyer

Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 40V, § 5

Current as of January 01, 2025 | Updated by Findlaw Staff

<[ Introductory paragraph effective for tax years beginning on or after January 1, 2017. See 2016, 219, Sec. 139.]>

The department may award tax credits available under subsection (q) of section 6 of chapter 62 or section 38BB of chapter 63 of not more than 25 per cent of the cost of qualified project expenditures allocable to the market rate units in a project, as determined by the department, to a sponsor of a certified housing development project. The amount and duration of the credit awarded shall be based on the following factors:

(i) the need for residential development and diversity of housing supply in the gateway municipality;

<[ Clauses (ii) and (iii) of the introductory paragraph effective for tax years beginning on or after January 1, 2017. See 2016, 219, Sec. 139.]>

(ii) the extent to which the certified housing development project will encourage residential development, expansion of diversity of housing supply, support neighborhood stabilization, and promote economic development in the zone; and

(iii) the percentage of market rate units contained in the certified housing development project.

<[ There is no subsection (a).]>
<[ Subsection (b) effective for tax years beginning on or after January 1, 2017. See 2016, 219, Sec. 139.]>

(b) The department may, limit any incentive or credit available to a certified housing development project under subsection (q) of section 6 of chapter 62 and section 38BB of chapter 63 to a dollar amount or in any other manner deemed appropriate by the department.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 40V, § 5 - last updated January 01, 2025 | https://codes.findlaw.com/ma/part-i-administration-of-the-government-ch-1-182/ma-gen-laws-ch-40v-sect-5/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard