Section 26

Section 26 Cranberry Bog Tax Credit 1

Paragraph (1) of subsection (w) of said section 6 of said chapter 62, as appearing in section 57 of the chapter 358 of the acts of 2020, is hereby amended by striking out the definition of "Qualified renovation expenditure" and inserting in place thereof the following definition:-

"Qualified renovation expenditure", an expenditure or a cost directly incurred in connection with the qualified renovation of a cranberry bog; provided, however, that "qualified renovation expenditure" shall not include costs incurred in acquiring or purchasing property for the construction of facilities or structures for the cultivation, harvesting or production of cranberries.