MA H3147

Expands eligibility for the conservation land tax credit to include private nonprofit trusts established under Chapter 203 for land conservation purposes that have 501(c)(3) tax-exempt status

Increases the annual cap on conservation land tax credits from $2,000,000 to $3,000,000 starting January 1, 2026, then to $4,000,000 in 2027, and $5,000,000 in 2028

Applies the increased caps to both individual income taxes (Chapter 62) and corporate excise taxes (Chapter 63)

Program sunsets on December 31, 2035, when the annual cap reverts to $2,000,000