Establishes a historic building fire prevention tax credit in Massachusetts.

This bill introduces a tax credit for installing fire protection sprinkler systems in qualified historic structures in Massachusetts. The credit is equal to 50% of the installation costs, up to a maximum of $10,000 per taxpayer per fiscal year. The Massachusetts Fire Prevention Regulations Board will set the eligibility criteria and regulations. The credit can be applied against tax liability for up to five succeeding taxable years.

Establishes a historic building fire prevention tax credit in Massachusetts.

This bill introduces a tax credit for installing fire protection sprinkler systems in qualified historic structures in Massachusetts. The credit is equal to 50% of the installation costs, up to a maximum of $10,000 per taxpayer per fiscal year. The Massachusetts Fire Prevention Regulations Board will set the eligibility criteria and regulations. The credit can be applied against tax liability for up to five succeeding taxable years.