summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to providing property tax relief for small business owners. Revenue.
AI Summary
This bill proposes to provide property tax relief for small business owners in Massachusetts. Specifically, it would allow cities and towns to grant a property tax exemption of up to 10% of the average assessed value of commercial properties, but only for properties owned and occupied by businesses that employed 50 or fewer people in the previous year and had an assessed valuation below $1 million. The bill also requires the Director of the Division of Employment and Training to provide a confidential list of such small employers to local assessors annually to assist in determining eligibility for this property tax exemption.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
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/190/H1475 |
Bill | https://malegislature.gov/Bills/190/H1475.pdf |
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