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 certain payments in property sales by nonprofit organizations. Revenue.
AI Summary
This bill amends the existing Massachusetts law to require nonprofit organizations, except for the government and its instrumentalities, to provide written notice to the grantee (the buyer) of their obligation to make a payment in lieu of taxes prior to executing a purchase and sale agreement for the sale of land or property. The bill also specifies that if the seller fails to provide this written notice, the seller, rather than the grantee, must pay the required amounts.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4725 (on 06/17/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H2783 |
| BillText | https://malegislature.gov/Bills/193/H2783.pdf |
Loading...