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Budget Summary FY2009

Outside Section 18
Data Current as of:  6/22/2009

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Extend Title V Tax Credit Carry Forward Period to 6 Years

SECTION 18.   Section 6 of chapter 62 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by striking out, in line 191, the word "five" and inserting in place thereof the following figure:- 6.


Veto Explanation:
I am vetoing this section because the Department of Revenue estimates the cost of extending this carryforward period as $2.5 million per year, a cost that is unaffordable in foreseeable fiscal circumstances.