Massachusetts H3133 proposes a tax credit for residential property owners who connect to newly installed municipal sewage lines.

Massachusetts H3133 amends the General Laws to allow a tax credit for residential property owners who connect to newly installed municipal sewage lines. The credit is equal to 40% of the expenditure for connection to the sewage line. The credit is available to eligible taxpayers beginning in the tax year in which the repair or replacement of the sewage line was completed. The credit cannot exceed $4,000 in any tax year, with any excess credit able to be applied over the following five subsequent tax years up to a maximum of $10,000.

Massachusetts H3133 proposes a tax credit for residential property owners who connect to newly installed municipal sewage lines.

Massachusetts H3133 amends the General Laws to allow a tax credit for residential property owners who connect to newly installed municipal sewage lines. The credit is equal to 40% of the expenditure for connection to the sewage line. The credit is available to eligible taxpayers beginning in the tax year in which the repair or replacement of the sewage line was completed. The credit cannot exceed $4,000 in any tax year, with any excess credit able to be applied over the following five subsequent tax years up to a maximum of $10,000.