Massachusetts H3147 adjusts the conservation land tax credit limits for various years.

Massachusetts H3147 modifies the conservation land tax credit by adjusting the credit limits for different years. Specifically, it increases the credit limit from $2,000,000 to $3,000,000 for one category, from $3,000,000 to $4,000,000 for another, and from $4,000,000 to $2,000,000 for a third category. Additionally, it raises the limit from $3,000,000 to $4,000,000 for one category and from $4,000,000 to $5,000,000 for another. The changes are set to take effect on different dates from January 1, 2026, to December 31, 2035.

Massachusetts H3147 adjusts the conservation land tax credit limits for various years.

Massachusetts H3147 modifies the conservation land tax credit by adjusting the credit limits for different years. Specifically, it increases the credit limit from $2,000,000 to $3,000,000 for one category, from $3,000,000 to $4,000,000 for another, and from $4,000,000 to $2,000,000 for a third category. Additionally, it raises the limit from $3,000,000 to $4,000,000 for one category and from $4,000,000 to $5,000,000 for another. The changes are set to take effect on different dates from January 1, 2026, to December 31, 2035.