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 the property tax classification of small businesses. Revenue.
AI Summary
This bill amends Chapter 59 of the General Laws to provide a property tax exemption of up to 50% for commercial properties that are solely occupied by a business with an assessed valuation of less than $1 million across all of its locations. This exemption is in addition to any other exemptions allowed under the law and will be funded by the combined value of commercial and industrial properties.
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/H1573 |
Bill | https://malegislature.gov/Bills/190/H1573.pdf |
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