An Act relative to the conservation land tax credit, the official text

	SECTION 1. Section 6 of chapter 62 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after the word “amended”, in line 769, the following words:- , or a private nonprofit trust established pursuant to chapter 203 organized for the purposes of land conservation, which is authorized to do business in the commonwealth, and which has tax-exempt status as a nonprofit charitable organization as described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended.. 
	SECTION 2. Said section 6 of said chapter 62, as so appearing, is hereby further amended by striking out, in line 835, the figure “$2,000,000” and inserting in place thereof the following figure:- $3,000,000. 
	SECTION 3. Said section 6 of said chapter 62 is hereby further amended by striking out the figure “$3,000,000”, inserted by section 40B, and inserting in place thereof the following figure:- $4,000,000. 
	SECTION 4. Said section 6 of said chapter 62 is hereby further amended by striking out, in line 835, the figure “$4,000,000”, inserted by section 40C, and inserting in place thereof the following figure:- $5,000,000. 
	SECTION 5. Said section 6 of said chapter 62 is hereby further amended by striking out the figure “$5,000,000”, inserted by section 40D, and inserting in place thereof the following figure:- $2,000,000. 
	SECTION 6. Section 38AA of chapter 63, as so appearing, is hereby amended by inserting after the word “amended”, in line 29, the following words:- , or a private nonprofit trust established pursuant to chapter 203 organized for the purposes of land conservation, which is authorized to do business in the commonwealth, and which has tax-exempt status as a nonprofit charitable organization as described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended. 
	SECTION 7. Said section 38AA of said chapter 63, as so appearing, is hereby amended by striking out, in line 88, the figure “$2,000,000” and inserting in place thereof the following figure:- $3,000,000. 
	SECTION 8. Said section 38AA of said chapter 63, as so appearing, is hereby amended by striking out, in line 88, the figure “$3,000,000” and inserting in place thereof the following figure:- $4,000,000. 
	SECTION 9. Said section 38AA of said chapter 63, as so appearing, is hereby amended by striking out, in line 88, the figure “$4,000,000.” and inserting in place thereof the following figure:- “$5,000,000” 
	SECTION 10. Said section 38AA of said chapter 63 is hereby further amended by striking out the figure “$5,000,000”, inserted by section 41D, and inserting in place thereof the following figure:- $2,000,000. 
	SECTION 11. Sections 1, 2, 6 and 7 shall take effect on January 1, 2026. 
	SECTION 12. Sections 3 and 8 shall take effect on January 1, 2027. 
	SECTION 13. Sections 4 and 9 shall take effect on January 1, 2028. 
	SECTION 14. Sections 5 and 10 of this act shall take effect on December 31, 2035.