An Act relative to fairness in taxation
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes to require certain non-profit corporations with assets exceeding $10 million to pay property taxes on the real estate they own. Currently, many non-profits are exempt from these taxes. The bill aims to increase transparency and ensure that non-profits are subject to the same tax obligations as other property owners in Massachusetts. It was referred to the Revenue Committee and subsequently heard.
Key provisions
- Requires non-profit corporations with assets over $10 million to pay real property taxes.
- The requirement applies to real estate owned by the non-profit.
- The bill is based on financial statements reported by the non-profit.
- The bill was referred to the Revenue Committee.
- A hearing was scheduled and subsequently rescheduled.
Who is affected
- Non-profit corporations
- Property owners
- Taxpayers
- Real estate owners
Notable changes
- Currently, many non-profits are exempt from real property taxes.
- This bill would eliminate that exemption for specific large non-profits.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours