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Bill > H1573


MA H1573

Relative to the property tax classification of small businesses


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 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)

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