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MA H3220

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

David Robertson

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Creates a tax credit for developers who build on air rights over MBTA parking spaces, lots, and mass transportation facilities
  • MBTA may authorize up to $50 million annually in total tax credits to be allocated among qualified air rights development projects
  • Tax credits are non-refundable but may be claimed in a single year and carried forward for up to 5 subsequent taxable years
  • Establishes the MBTA Capital Projects Fund to receive all revenue from air rights leases, licenses, and agreements over MBTA parking areas
  • Requires the MBTA to report annually by January 15 to the House and Senate Ways and Means committees on fund deposits, distributions, and expenditure purposes

Legislative Description

Spurring intelligent development on MBTA property

Last Action

Accompanied a study order, see H5068

2/12/2026

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available