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MA S1919

MA S1919
Relative to real estate tax abatements to help businesses impacted by the Phase IV reopening plan


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to real estate tax abatements to help businesses impacted by the Phase IV reopening plan. Revenue.

AI Summary

This bill establishes a federal COVID-19 business property tax relief trust fund to provide real estate tax abatements to businesses designated as "Phase III" or "Phase IV" under COVID-19 orders and unable to fully reopen or sustain business due to the pandemic. The commonwealth will cover the difference in payments between municipalities and eligible businesses, and the fund will be administered by the Secretary of Housing and Economic Development. The bill also sets an expiration date of 90 days after the termination of the state of emergency declared on March 10, 2020.

Committee Categories

Budget and Finance

Sponsors (13)

Last Action

Accompanied a study order, see H5250 (on 10/03/2022)

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