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 real property tax exemptions of certain public and private institution of higher education and certain public charities. Revenue.
AI Summary
This bill amends existing laws to provide a home rule option for certain non-profit organizations, including public and private institutions of higher education and large public charities, to receive real property tax exemptions or enter into agreements for payments in lieu of taxes. The bill defines "large public charity" as a corporation holding funds subject to the provisions of the law, where the sum of the highest 5 compensated officers, directors, trustees, key employees, etc. exceeds $2.5 million in total compensation. The bill also requires these large public charities to report annual salaries, benefits, and additional compensation for their chief executive officers and salaried employees to the Attorney General's office.
Committee Categories
Budget and Finance
Sponsors (12)
Josh Cutler (D),
Michelle DuBois (D),
Carole Fiola (D),
Colleen Garry (D),
Thomas Golden (D),
John Mahoney (D),
Mike Moran (D),
David Nangle (D),
Denise Provost (D),
Danny Ryan (D),
Paul Schmid (D),
Tom Stanley (D),
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/H3526 |
| Bill | https://malegislature.gov/Bills/190/H3526.pdf |
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