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 Representative Soter of Bellingham, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act relative to the small commercial tax exemption By Representative Soter of Bellingham, a petition (accompanied by bill, House, No.
• 3244) of Michael J.
• Soter and others relative to the amount and valuation for eligibility for a tax exemption on commercial property.
• Revenue.

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 Representative Soter of Bellingham, a petition (accompanied by bill, House, No. 3244) of Michael J. Soter and others relative to the amount and valuation for eligibility for a tax exemption on commercial property. Revenue.

Current Bill Text

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Bill H.3244

SECTION 1. Section 5I of chapter 59 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by striking in lines 6 and 7, the words “not more than ten percent of the value of the parcel;” and inserting in place thereof the following:-

“an amount accepted by the local legislative body, not to exceed twenty percent of the value of the parcel;”.

SECTION 2. Section 5I of said chapter 59, as so appearing, is hereby amended by striking in line 14, the words “one million dollars” and inserting in place thereof the following:-

“an amount accepted by the local legislative body, not to exceed four million dollars”.

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