Bill > S1966

This bill aims to amend the existing laws in Massachusetts to address the taxation of natural gas infrastructure. Specifically, it requires the state commissioner to promulgate regulations that reclassify the inventory reporting and assessment procedures for natural gas transportation corporations or limited liability companies operating in municipalities with natural gas compressor stations. The regulations must differentiate the value for allocation between pipelines and compressor station equipment, and any value assessed on the compressor station equipment must be allocated to the respective municipality based on its percentage of the gross investment for the compressor station equipment. The commissioner is also required to prescribe a manner for the allocation and expenditure of the funds received by municipalities with compressor stations under this new provision. The regulations and guidelines must be implemented by the end of 2022.