Bill

Bill > H3080


MA H3080

MA H3080
Relative to payments in lieu of taxation by organizations exempt from the property tax


summary

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

Introduced Session

192nd General Court

Bill Summary

Relative to payments in lieu of taxation by organizations exempt from the property tax. Revenue.

AI Summary

This bill amends Chapter 59 of the Massachusetts General Laws to require organizations exempt from property taxes that own total property valued at or above $15 million to make payments in lieu of taxation to the city or town where the property is located. The payments would be equal to 25% of the amount that would be paid if the property were not tax-exempt. The bill also allows cities and towns that accept this provision to adopt ordinances or bylaws to provide for agreements with these organizations, including exemptions from payment, consideration of community benefits as payment, and administration of the payments.

Committee Categories

Budget and Finance

Sponsors (20)

Last Action

Accompanied a study order, see H5279 (on 10/06/2022)

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