Bill > S2062

This bill amends Massachusetts General Laws Chapter 59, Section 38A to require the tax commissioner to create new regulations specifically related to how natural gas infrastructure is assessed and taxed in municipalities with compressor stations. The bill mandates that future regulations must distinguish between the value of pipelines and compressor station equipment, ensuring that the value of compressor station equipment is directly allocated to the municipality where the station is located. The allocation will be proportional, based on the municipality's percentage of the gross investment in the compressor station equipment. Furthermore, the bill requires the commissioner to establish guidelines for how funds received from these allocations will be managed and spent. The regulations must be developed and implemented by December 31, 2026, providing a clear timeline for creating these new taxation and assessment procedures for natural gas infrastructure.

Budget and Finance

https://malegislature.gov/Bills/194/S2062