Bill
Bill > H4004
MA H4004
Relative to property tax exemptions for rental properties in the town of Lincoln deed restricted as affordable housing
summary
Introduced
11/02/2017
11/02/2017
In Committee
11/02/2017
11/02/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to property tax exemptions for rental properties in the town of Lincoln deed restricted as affordable housing
AI Summary
This bill provides a property tax exemption for rental properties in the town of Lincoln, Massachusetts that are deed-restricted as affordable housing. The exemption is proportional to the square footage of the affordable accessory dwelling units on the property, and the exemption is determined based on the assessed value of the entire property as if all units were rented at fair market value. The exemption is subject to approval by the Attorney General of the town's Affordable Accessory Apartment Bylaw, and it will expire after 3 years of implementation.
Sponsors (0)
No sponsors listed
Last Action
Read second and ordered to a third reading (on 11/20/2017)
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/H4004 |
Bill | https://malegislature.gov/Bills/190/H4004.pdf |
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