Bill
Bill > H4781
MA H4781
Relative to excise tax revenue for the Chatham other post-employment benefits liability trust fund
summary
Introduced
07/19/2018
07/19/2018
In Committee
07/19/2018
07/19/2018
Crossed Over
12/31/2018
12/31/2018
Passed
12/31/2018
12/31/2018
Dead
Signed/Enacted/Adopted
01/09/2019
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)
Official Document
bill text
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H4781 |
| Bill | https://malegislature.gov/Bills/190/H4781.pdf |
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