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Bill > H1639


MA H1639

Allowing PILOT payments to municipalities


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 reimbursements to towns for nonprofits exempt from property taxes. Revenue.

AI Summary

This bill aims to provide reimbursements to municipalities for properties owned by nonprofits that are exempt from property taxes. Specifically, the bill requires the state commissioner to annually report the value of land owned by nonprofits for certain purposes in each town, and the state treasurer to then reimburse each town an amount in lieu of taxes based on the reported land values and the tax rate under the state's corporate excise tax law.

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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