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Loscocco Promotes Open Space Bill

BOSTON-Representative Paul J.P. Loscocco promotes a bill to protect open spaces in the state. Essentially the bill, which Loscocco authored, would allow states to purchase the development rights to open space sites.

By Naomi Grossman | Updated on June 26, 2001

BOSTON-A bill to protect open spaces in this state is being promoted by Representative Paul J.P. Loscocco, who authored the bill. Under the bill’s provisions, states can purchase the development rights to open space sites by giving the owner a transferable multi-year income tax credit.

The bill comes on the heels of the Community Preservation Act, under which towns and cities can create a fund, financed through a property-tax surcharge, to protect open space and historical structures, and increase affordable housing. Municipalities have the option to adopt the Act and so far one has voted the Act down while two others have voted to adopt the Act.

According to Barry Flynn, an aide to Loscocco, the open space bill would serve as a supplement to the Community Preservation Act. “It is another option for people who are faced with the prospect of selling their land for development,” Flynn tells GlobeSt.com. Essentially, under the open space bill, an owner is guaranteeing the Commonwealth that it will keep its land undeveloped in exchange for a tax break that can last anywhere from 15 to 20 years.

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