Origin: A tax credit is provided in the amount of the cost of removing, containing, or replacing certain materials, including paint, that contain lead in residential units up to $3,000 per dwelling unit. A smaller tax credit is provided for certain costs associated with the partial removal, containment, or replacement of such materials in residential units up to $1,000 per dwelling unit. A seven-year carryover of any unused credit is permitted. The credit is neither transferable nor refundable.
Origin: M.G.L. c. 62, § 6(e)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2021
FY2022
FY2023
FY2024
FY2025
Personal Income Tax
Credits Against Tax
1.602
Credit for Removal of Lead Paint
A tax credit is provided in the amount of the cost of removing, containing, or replacing certain materials, including paint, that contain lead in residential units up to $3,000 per dwelling unit. A smaller tax credit is provided for certain costs associated with the partial removal, containment, or replacement of such materials in residential units up to $1,000 per dwelling unit. A seven-year carryover of any unused credit is permitted. The credit is neither transferable nor refundable.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section6" target="_blank">M.G.L. c. 62, § 6(e)</a>
1.8
3.1
2.3
5.2
5.8
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