Bill
Bill > H2645
MA H2645
Relative to property tax exemptions for rental properties in the town of Lincoln deed restricted as affordable housing
summary
Introduced
01/22/2019
01/22/2019
In Committee
03/04/2020
03/04/2020
Crossed Over
01/05/2021
01/05/2021
Passed
Dead
Signed/Enacted/Adopted
01/12/2021
01/12/2021
Introduced Session
191st General Court
Bill Summary
That the town of Lincoln be authorized to establish property tax exemptions for certain affordable accessory apartments. Revenue. [Local Approval Received.]
AI Summary
This bill authorizes the town of Lincoln to establish property tax exemptions for certain affordable accessory apartments that are subject to an affordable housing deed restriction. The exemption amount would be equal to the tax owed on the property, multiplied by the square feet of the living space of the affordable accessory dwelling units, divided by the total square feet of all structures on the property. The date of determination for the qualifying factors is September 1st of each year, and the bill takes effect upon its passage.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Signed by the Governor, Chapter 333 of the Acts of 2020 (on 01/12/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2645 |
| Bill | https://malegislature.gov/Bills/191/H2645.pdf |
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