MA S2007

Expands existing brownfields tax credits under Chapter 62 (personal income tax) and Chapter 63 (corporate excise tax) to cover a broader range of redevelopment expenses at contaminated sites

Eligible expenses now explicitly include costs required by the Massachusetts Contingency Plan (310 CMR 40.0000) for site redevelopment, not just cleanup compliance

Department of Environmental Protection policy and guidance documents can be used to determine qualifying redevelopment expenses

Amends Section 6(j) of Chapter 62 and Section 38Q(d) of Chapter 63 of the General Laws

Filed January 17, 2025 by Senator Barry R. Finegold (Second Essex and Middlesex) and referred to the Revenue Committee