An Act relative to tax abatement equity
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill, titled ‘An Act relative to tax abatement equity,’ addresses concerns about the fairness of tax abatements in Massachusetts. It seeks to ensure that tax abatements are distributed equitably across the state, particularly focusing on areas and communities that have historically been underserved. The bill aims to promote greater access to these incentives and reduce disparities in their application. It is currently undergoing review and hearings within the state legislature.
Key provisions
- Requires the Department of Revenue to analyze the distribution of tax abatements.
- Directs the Department to develop recommendations for equitable distribution criteria.
- Encourages the consideration of factors such as community needs and economic development goals.
- Promotes transparency in the tax abatement process.
- Supports targeted tax abatements in historically disadvantaged communities.
Who is affected
- Local governments
- Taxpayers
- Communities in Massachusetts
- Developers
- The Department of Revenue
Notable changes
- The bill mandates a review of current tax abatement practices.
- It introduces a framework for prioritizing tax abatements based on equity considerations.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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