REPRESENTATIVE TORRISI of NORTH ANDOVER and REPRESENTATIVE RODRIGUES of WESTPORT move that the bill be amended by adding at the end thereof the following section:

SECTION XX. Subsection (j) of section 6 of chapter 62 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding the following paragraphs:— (5) All or any portion of tax credits issued in accordance with the provisions of this subsection may be transferred, sold, or assigned to taxpayers or non-profit organizations eligible pursuant to the provisions of paragraph (1). A taxpayer or nonprofit organization desiring to make a transfer, sale, or assignment shall submit to the commissioner a statement which describes the amount of the Massachusetts environmental response action tax credit for which such transfer, sale, or assignment of Massachusetts environmental response action tax credit is eligible. The taxpayer or nonprofit organization shall provide to the commissioner appropriate information so that the environmental response action tax credit can be properly allocated. The commissioner shall issue a certificate to the party receiving the environmental response action tax credit reflecting the amount of the tax credit received, a copy of which shall be attached by the party receiving the environmental response action tax credit to each tax return in which the tax credits are used.

(6) The commissioner shall annually, not later than September 1, file a report with the house and senate committees on ways and means the chairs of the joint committee on community development and small businesses and the chairs of the joint committee on economic development and emerging technologies, identifying the total amount of tax credits claimed pursuant to this subsection and the total amount of tax credits transferred, sold, or assigned pursuant to paragraph (5) for the preceding fiscal year.