Bill
Bill > H3693
MA H3693
Relative to property tax exemptions for rental properties in the town of Lincoln deed restricted as affordable housing
summary
Introduced
05/11/2017
05/11/2017
In Committee
05/11/2017
05/11/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
That the town of Lincoln be authorized to establish property tax exemptions for certain affordable accessory apartments. Revenue. [Local Approval Received.]
AI Summary
This bill authorizes the town of Lincoln to establish property tax exemptions for certain affordable accessory apartments that are subject to an affordable housing deed restriction. The exemption amount would be calculated based on the proportional value of the affordable accessory dwelling units compared to the total square footage of all structures on the property. The qualifying factors for the exemption would be determined as of September 1st each year, and the bill would take effect upon passage.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a new draft, see H4004 (on 11/02/2017)
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/H3693 |
| Bill | https://malegislature.gov/Bills/190/H3693.pdf |
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