MA DOR Proposes Increases in Lead Paint Removal Tax Credits

The MA Department of Revenue (DOR) proposed a regulation implementing a statutory increase in lead paint removal tax credits. The regulation proposes increasing the maximum credit amount from $1,500 to $3,000, and from $500 to $1,500 for bringing residential premises under interim control pending full compliance, per dwelling unit.  The increases are effective for taxable…

On behalf of the more than 23,000 licensed member professionals of the Massachusetts Association of REALTORS® (MAR) and10,000 members of the Greater Boston Real Estate Board (GBREB) we write in respectful opposition to H.5457 and H.5487. While they are well-intentioned, the bills would add additional costs for development projects and housing, which will exacerbate the…