Transportation
Governor Healey Signs FY24 Budget Extending Brownfields Tax Credit Through January 1, 2029
On August 9, 2023, Governor Healey signed the FY24 budget.
In direct response to NAIOP’s advocacy, the final budget includes a five-year extension of the Brownfields Tax Credit through January 1, 2029. Since the beginning of the session in January, NAIOP has worked with the Healey-Driscoll Administration, the Legislature, and a broad coalition of business groups and housing advocates to ensure the extension was considered for early passage.
Read on to learn about other investments found in the final FY24 budget.
Read MoreLeading Massachusetts Business and Environmental Groups Join Together to Re-affirm Support for TCI, Applaud Governor Baker’s Leadership
On December 21, 2020, NAIOP Massachusetts, The Commercial Real Estate Development Association, joined several business groups and environmental groups to re-affirm their support of the Transportation & Climate Initiative (TCI) and applaud the Baker-Polito Administration’s leadership in developing the landmark regional project. The following is the accompanying joint press release.
Read MoreSJC Supports NAIOP Position in Sudbury v. MBTA
On September 22, in a landmark win for the commercial real estate industry, the Supreme Judicial Court (SJC) of Massachusetts unanimously affirmed the Land Court’s dismissal in Sudbury v. MBTA , holding that the prior public use doctrine is inapplicable when land owned by a public entity is conveyed to a private entity for a different use.
Read MoreCOVID-19 Update: Governor Baker Announces Phase 3 Start Date, Amends E.O. Tolling State Permits; SJC Releases Updated Operations Order; DPU Begins Energy Relief Plan for C&I Customers; MBTA Announces Flex Pass Pilot
On July 2, Governor Baker announced that Phase 3 will begin on Monday, July 6. While Phase 3 is anticipated to be in place until there is an effective treatment or vaccine for COVID-19, Governor Baker indicated that Phase 3 will be implemented in two steps.
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