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Bill > H4781


MA H4781

Relative to excise tax revenue for the Chatham other post-employment benefits liability trust fund


summary

Introduced
07/19/2018
In Committee
07/19/2018
Crossed Over
12/31/2018
Passed
12/31/2018
Dead
Signed/Enacted/Adopted
01/09/2019

Introduced Session

190th General Court

Bill Summary

Relative to excise tax revenue for the Chatham other post-employment benefits liability trust fund

AI Summary

This bill allows the town of Chatham to impose an additional 1.5% excise tax on real property located in the town, starting in the next fiscal year after the town's legislative body approves the tax. The additional revenue from this tax must be deposited into the town's Other Post-Employment Benefits Liability Trust Fund, which can only be used for the purposes set forth in the law. This excise tax authority will expire after 10 fiscal years, but the town can extend it if the trust fund is not projected to become self-sustaining by that time, or terminate it earlier if requested by the Board of Selectmen.

Sponsors (0)

No sponsors listed

Last Action

Signed by the Governor, Chapter 405 of the Acts of 2018 (on 01/09/2019)

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