Bill

Bill > S1753


MA S1753

MA S1753
Relative to the taxation of natural gas infrastructure


summary

Introduced
01/22/2019
In Committee
02/27/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to the taxation of natural gas infrastructure. Revenue.

AI Summary

This bill amends Section 38A of Chapter 59 of the General Laws to require the Commissioner to promulgate regulations that reclassify the inventory reporting and assessment procedures conducted by natural gas transportation corporations or limited liability companies in municipalities that contain a natural gas compressor station. The regulations shall differentiate the value for allocation between pipelines and compressor station equipment, and any value assessed on compressor station equipment shall be allocated to the municipality based on its respective percentage of the gross investment for that equipment. The Commissioner shall also prescribe a manner for the allocations and expenditures of the funds received by a municipality containing a compressor station.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 02/27/2020)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...