Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2014

1.606 -Septic System Repair Credit

Item DescriptionFY2012 FY2013 FY2014
1.606 Septic System Repair Credit
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 in 1995, are allowed a credit 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 three years. Credit is neither transferable nor refundable.

Origin:  M.G.L. c. 62, S. 6(i)
Estimate:  $11.2
10.6 11.2 11.2


IRCFederal Internal Revenue Code (26 U.S.C.)
U.S.C United States Code
M.G.L. Massachusetts General Laws
Rev. Rul.; C.B. Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES All estimates are in $ millions.

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