MA S1580

Bill

MA S1580

Relative to the interest rate on tax-deferred property

Introduced
04/15/2015

In Committee
04/15/2015

Crossed Over

Passed

Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation relative to the interest rate on tax-deferred property. Revenue.

AI Summary

This bill proposes to amend a section of Massachusetts General Laws related to property tax exemptions, specifically Clause Forty-first A of section 5 of chapter 59. The change involves the interest rate applied to tax-deferred property. Currently, the law refers to "chapter sixty," which likely pertains to a specific chapter in the General Laws that dictates interest rates. This bill seeks to replace that fixed reference with a more flexible provision, allowing the legislative body of a city or town to determine a "lesser rate" than what is currently mandated by chapter sixty, provided it is consistent with the city or town's charter. This change aims to give local governments more control over the interest rates associated with tax-deferred property within their jurisdictions.

Committee Categories

Budget and Finance

Sponsors (4)

Bruce Tarr (R)*, Viriato deMacedo (R), Robert Hedlund (R), Donald Humason (R),

Last Action

Accompanied a new draft, see S2018 (on 09/28/2015)

Official Document

https://malegislature.gov/Bills/189/Senate/S1580

(16 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/189/Senate/S1580
State Bill Page	https://malegislature.gov/Bills/189/S1580
Bill	https://malegislature.gov/Bills/189/S1580.pdf

Bill	Bill Name	Last Action	Type
S1109	Relative to the expenditure of certain municipal and district monies	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S1436	Relative to funeral and burial expenses	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1438	Relative to line of duty death benefits	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1440	Relative to the sanctity of collective bargaining	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1460	Relative to senior citizen property taxes	Accompanied a new draft, see S1958	Similar To
S1494	Increasing the property tax deferral for seniors	Read second and ordered to a third reading	Similar To
S1541	To promote sales tax fairness for main street retailers through minimum simplification	New draft substituted, see S1974	Similar To
S1557	Granting property tax relief to seniors	Accompanied a study order, see S2290	Similar To
S1562	To create property tax credits for individuals with disabilities	Accompanied a new draft, see H4235	Similar To
S1579	To provide a property tax credit to surviving spouses of certain public safety personnel	Accompanied a study order, see S2290	Similar To
S1719	Providing for disposition of surplus state real property based on smart growth land use policies	Accompanied a study order, see S2386	Similar To
S1724	Relative to the Massachusetts Department of Transportation and surplus personal property	Accompanied a study order, see S2386	Similar To
S1860	To enhance public safety by providing implied consent in cases of persons operating under the influence of drugs	Accompanied a study order, see S2364	Similar To
S2018	Relative to the interest rate on tax-deferred property	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Replaced by
S473	Relative to pesticide applications	Bill reported favorably by committee as changed and referred to the committee on Senate Ways and Means	Similar To
S562	Resolve creating the County Property Insurance Commission	Accompanied a study order, see S2318	Similar To

Bill

Bill Name

Last Action

Type

S1109

Relative to the expenditure of certain municipal and district monies

Bill reported favorably by committee and referred to the committee on Senate Rules

Similar To

S1436

Relative to funeral and burial expenses

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1438

Relative to line of duty death benefits

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1440

Relative to the sanctity of collective bargaining

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1460

Relative to senior citizen property taxes

Accompanied a new draft, see S1958

Similar To

S1494

Increasing the property tax deferral for seniors

Read second and ordered to a third reading

Similar To

S1541

To promote sales tax fairness for main street retailers through minimum simplification

New draft substituted, see S1974

Similar To

S1557

Granting property tax relief to seniors

Accompanied a study order, see S2290

Similar To

S1562

To create property tax credits for individuals with disabilities

Accompanied a new draft, see H4235

Similar To

S1579

To provide a property tax credit to surviving spouses of certain public safety personnel

Accompanied a study order, see S2290

Similar To

S1719

Providing for disposition of surplus state real property based on smart growth land use policies

Accompanied a study order, see S2386

Similar To

S1724

Relative to the Massachusetts Department of Transportation and surplus personal property

Accompanied a study order, see S2386

Similar To

S1860

To enhance public safety by providing implied consent in cases of persons operating under the influence of drugs

Accompanied a study order, see S2364

Similar To

S2018

Relative to the interest rate on tax-deferred property

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Replaced by

S473

Relative to pesticide applications

Bill reported favorably by committee as changed and referred to the committee on Senate Ways and Means

Similar To

S562

Resolve creating the County Property Insurance Commission

Accompanied a study order, see S2318

Similar To

Bill > S1580

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

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