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 making assisted living programs eligible for tax increment financing and allowing municipalities to provide flexible targeted incentives. Revenue.
AI Summary
This bill amends existing laws to make assisted living programs eligible for tax increment financing (TIF) and allows municipalities to provide flexible targeted incentives to stimulate job-creating development related to these programs. TIF is a public financing method that uses future gains in taxes to subsidize current improvements, which can be used to encourage economic development in specific areas.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4720 (on 06/12/2024)
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/H2806 |
| BillText | https://malegislature.gov/Bills/193/H2806.pdf |
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