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 establishing a tax incentive for small property improvements. Revenue.
AI Summary
This bill establishes a tax incentive for small property improvements. It allows cities and towns in Massachusetts to adopt a policy where property owners with properties assessed at $500,000 or less can deduct any increase in their property tax liability due to improvements they make to their property. The deduction is phased out over a five-year period, with the full increase in assessed value being reflected in the property tax liability by the fifth year after the improvement is completed.
Committee Categories
Budget and Finance
Sponsors (4)
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 |
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State Bill Page | https://malegislature.gov/Bills/190/H1641 |
Bill | https://malegislature.gov/Bills/190/H1641.pdf |
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