Bill > S1451

This bill proposes to add a new section to Chapter 59 of the General Laws, allowing cities and towns that vote to accept it to require organizations exempt from property tax, specifically those under clause third (which typically refers to charitable organizations), to make payments in lieu of taxation. These payments would be equivalent to 25 percent of the property tax that would normally be due if the property were not tax-exempt. Furthermore, any city or town that accepts this section would need to establish an ordinance or bylaw to govern agreements with these organizations, which could include provisions for exemptions from these payments, consideration of community benefits as a form of payment, and the overall administration of these payments.