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 making assisted living programs eligible for tax increment financing and allowing municipalities to provide flexible targeted incentives. Revenue.
AI Summary
This bill makes assisted living programs eligible for tax increment financing, allowing municipalities to provide flexible targeted incentives to stimulate job-creating development. Tax increment financing (TIF) is a public financing method that uses future gains in taxes to subsidize current improvements, which can be used to incentivize economic development projects. The bill aims to support the establishment and growth of assisted living facilities through these financial incentives.
Committee Categories
Budget and Finance
Sponsors (1)
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/H1523 |
| Bill | https://malegislature.gov/Bills/190/H1523.pdf |
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