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Bill > H1475


MA H1475

Providing for property tax relief for small business owners


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
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)

bill text


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