The bill proposes the addition of a new chapter to Title 42 of the General Laws, specifically addressing the regulation of the sale of tax credits. The new chapter, titled "SALE OF TAX CREDITS," includes provisions that mandate the attorney general's office to regulate the sale of tax credits. This includes adopting rules and regulations for the supervision of the sale of tax credits by brokers or salespersons, as well as establishing qualifications for those certified to act in these roles.

Furthermore, the attorney general's office is required to maintain an official certified list of all persons authorized to act as brokers and salespersons of tax credits. The bill stipulates that no person may hire a broker or salesperson of their choice to aid in the sale of their tax credits. Instead, sellers must use brokers or salespersons from the attorney general’s certified list, on a fair and rotating basis. The act is set to take effect upon passage.