An Act relative to the small commercial tax exemption

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to the small commercial tax exemption

An Act relative to the small commercial tax exemption By Representatives Jones of North Reading and Haggerty of Woburn, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act relative to the small commercial tax exemption By Representatives Jones of North Reading and Haggerty of Woburn, a petition (accompanied by bill, House, No.
• 3141) of Bradley H.
• Jones, Jr., Richard M.
• Haggerty and others relative to the small commercial tax exemption.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act relative to the small commercial tax exemption
By Representatives Jones of North Reading and Haggerty of Woburn, a petition (accompanied by bill, House, No. 3141) of Bradley H. Jones, Jr., Richard M. Haggerty and others relative to the small commercial tax exemption. Revenue.

Current Bill Text

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Bill H.3141

Section 5I of chapter 59 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting at the end thereof the following:-

In those cities and towns in which an exemption is made available hereunder, the local governing body may provide an exemption for parcels with multiple commercial occupants if at least 50 percent of the occupants are eligible businesses. If the parcel is a multiple use property consisting of both residential and commercial occupants, the local governing body may provide an exemption if at least 50 percent of the commercial portion of the parcel is comprised of eligible businesses.

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