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SD 3905 Massachusetts Senate · 194th Legislature (2025-2026)

Department of Revenue FY25 Annual Report

This bill requires the Department of Revenue to submit its annual report for fiscal year 2025 as mandated by state law. The legislation also clarifies rules regarding tax credits for investments in certified housing and offshore wind facilities, allowing taxpayers to claim these benefits through 2025. Additionally, it adjusts the aggregate limit for certain tax credits to $15,000,000. These provisions are designed to update existing tax codes related to renewable energy and housing development.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill clarifies tax credit rules for renewable energy and housing, adjusting limits to $15M, which strengthens fiscal management and promotes economic development.85% confidence ✓ EnergySupports EnergyBill extends tax credits for offshore wind investments through 2025 and adjusts aggregate limits, directly supporting renewable energy development.75% confidence ✓ HousingSupports HousingBill extends tax credits for investments in certified housing through 2025 and adjusts credit limits, financially supporting housing development.75% confidence
Bill status introduced 1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 11, 2026 Last action May 11, 2026
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