Bill Text: MA H2823 | 2009-2010 | 186th General Court | Introduced
Bill Title: The property tax classification of small businesses
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 7/8 at 10:00 AM in Hearing Room B2 [H2823 Detail]
Download: Massachusetts-2009-H2823-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
David P. Linsky
_______________
To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act relative to the property tax classification of small businesses.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
David P. Linsky |
5th Middlesex |
[SIMILAR MATTER FILED IN PREVIOUS
SESSION
SEE HOUSE, NO. 170 OF 2007-2008.]
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act relative to the property tax classification of small
businesses.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
SECTION 1. Chapter 59 of the General Laws is hereby amended by striking out section 5I and inserting in place thereof the following section:—
Section 5I. With respect to each parcel of real property classified as class three, commercial, in each city or town certified by the commissioner to be assessing all property at its full and fair cash valuation, and at the option of the selectmen or mayor, with the approval of the town meeting or city council, as the case may be, there shall be an exemption equal to not more than fifty percent of the value of the parcel; provided, however, that such exemption shall only apply to property that is solely occupied by a business that, at that location and all others combined, had an assessed valuation of less than one million dollars. This exemption shall be in addition to any exemptions allowable under section five. The value of exemptions granted under this section shall be borne by the combined value of class three commercial property and class four industrial property.
