Origin: Effective January 1, 2023, taxpayers required to repair or replace a failed cesspool or septic system pursuant to the provisions of Title V, as promulgated by the Department of Environmental Protection, are allowed a credit equal to 60% of the design and construction costs incurred, up to a maximum of $4,000 per tax year and $18,000 in total. For previous tax years, the credit is equal to 40% of the design and construction costs incurred (less any subsidy or grant from the Commonwealth), up to a maximum of $1,500 per tax year and $6,000 in total. Unused credits may be carried forward for up to five years. The credit is neither transferable nor refundable.

Origin: M.G.L. c. 62, § 6(i)

Item Number
FY2021
FY2022
FY2023
FY2024
FY2025
1.606
8.5
8.6
8.7
11.8
15.7
Loading...