An Act relative to the small commercial tax exemption
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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 proposes to adjust the criteria for qualifying small commercial properties for a property tax exemption in Massachusetts. Specifically, it aims to clarify the amount and valuation thresholds used to determine eligibility, potentially expanding the number of businesses that can benefit from this tax relief. The bill seeks to standardize the process for applying for and receiving this exemption.
Key provisions
- Clarifies the definition of ‘small commercial property’ for exemption purposes.
- Specifies the maximum amount of property tax that can be exempted.
- Defines the valuation limits for eligible properties.
- Outlines the process for property owners to apply for the exemption.
- Addresses potential appeals related to exemption eligibility.
Who is affected
- Small business owners
- Commercial property owners
- Local municipalities (assessing departments)
- Taxpayers
- The Massachusetts state government
Notable changes
- Potential expansion of eligible properties based on valuation limits.
- Increased clarity regarding exemption amounts.
- Standardized application process for property tax exemptions.
Bill text
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Sponsors
Official sponsors from legislative records.
6 on record
Primary sponsor
Michael J. Soter
Cosponsors
Joseph D. McKenna
Michael J. Soter
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