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Bill > H2639
MA H2639
MA H2639Relative to the payment of property taxes to municipalities by hospitals considered nonprofit organizations
summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation to require certain nonprofit hospital organizations to pay a portion of annual property taxes to its resident municipality. Revenue.
AI Summary
This bill amends existing Massachusetts law to require hospitals that are typically exempt from property taxes due to their nonprofit status to pay 75% of their annual property taxes to the municipality where they are located, aiming to help municipalities recoup lost revenue from these exemptions. However, hospitals that already have a Payment In Lieu Of Taxes (PILOT) program or any other financial agreement with their municipality designed to offset the impact of property tax exemptions will be exempt from this new requirement.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4639 (on 09/26/2016)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/House/H2639 |
| State Bill Page | https://malegislature.gov/Bills/189/H2639 |
| Bill | https://malegislature.gov/Bills/189/H2639.pdf |
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