summary
Introduced
03/29/2021
03/29/2021
In Committee
04/07/2022
04/07/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the assessed value of real estate in agricultural or horticultural use. Revenue.
AI Summary
This bill aims to promote urban agriculture and horticulture by providing a property tax exemption of up to 100% for real estate used for agricultural, horticultural, or agricultural and horticultural purposes, as defined in state law. The exemption applies to parcels less than 2 acres in size that generate at least $500 in gross sales of agricultural or horticultural products in the previous year. The exemption is available in cities and towns with a population of at least 50,000 or that meet the definition of a "gateway municipality" under state law, and the local legislative body can establish and modify the percentage of the assessed value that is exempt from taxation.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
No further action taken (on 01/03/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/192/H2995 |
Bill | https://malegislature.gov/Bills/192/H2995.pdf |
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