Bill > H3141

This bill proposes an amendment to Section 5I of chapter 59 of the Massachusetts General Laws, which relates to the small commercial tax exemption. Specifically, the bill allows local governing bodies (such as city councils or town boards) to provide a tax exemption for properties with multiple commercial occupants under two scenarios: first, if at least 50 percent of the commercial occupants are considered "eligible businesses," and second, for mixed-use properties that have both residential and commercial spaces, if at least 50 percent of the commercial portion is comprised of eligible businesses. This modification gives local municipalities more flexibility in applying tax exemptions to small commercial properties, potentially providing financial relief to small business districts and mixed-use developments by reducing their property tax burden.

Budget and Finance

https://malegislature.gov/Bills/194/H3141