Bill > S1412

This bill proposes to exempt certain long-term care facilities in Massachusetts from paying local property taxes, also known as real estate taxes. To qualify for this exemption, the facility must be licensed by the department of public health, owned by a Massachusetts entity that is a charitable organization recognized as tax-exempt by the Internal Revenue Service under section 501(c)(3) of the tax code, and must not have paid local property taxes before 2003. Additionally, the facility must either provide room, board, or care to elders at a cost no higher than what it costs to provide these services, or use the charitable organization's assets to offer financial assistance to elders residing there.