summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to the amount and valuation for eligibility for a tax exemption on commercial property. Revenue.
AI Summary
This bill amends Section 5I of Chapter 59 of the General Laws to increase the maximum value of a commercial property eligible for a tax exemption from 10% to 20% of the property's value, and to increase the maximum value of the property eligible for the exemption from $1 million to an amount accepted by the local legislative body, not to exceed $4 million.
Committee Categories
Budget and Finance
Sponsors (9)
Mike Soter (R)*,
Jay Barrows (R),
David DeCoste (R),
Susan Gifford (R),
Dave Muradian (R),
Angelo Puppolo (D),
Adam Scanlon (D),
Alyson Sullivan (R),
Marcus Vaughn (R),
Last Action
Accompanied a study order, see H4721 (on 06/13/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H2952 |
| BillText | https://malegislature.gov/Bills/193/H2952.pdf |
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