Bill > S1364

This bill proposes to amend existing Massachusetts law regarding tax abatements, which are reductions in the amount of tax owed. Specifically, it allows cities and towns to increase an already granted tax abatement each year by an amount no greater than the rise in the cost of living, as measured by the Consumer Price Index (CPI), which is a common measure of inflation. This change would take effect in a city or town only after it has been officially accepted by that local government.