HOUSE DOCKET, NO. 627        FILED ON: 1/18/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 773

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

David Paul 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 adoption of the accompanying bill:

An Act relative to the property tax classification of small businesses.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

David Paul Linsky

5th Middlesex

1/18/2011

Michael O. Moore

 

2/3/2011

Chris Walsh

6th Middlesex

2/3/2011


HOUSE DOCKET, NO. 627        FILED ON: 1/18/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 773

By Mr. Linsky of Natick, a petition (accompanied by bill, House, No. 773) of David Paul Linsky, Michael O. Moore and Chris Walsh relative to the property tax classification of small businesses.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2823 OF 2009-2010.]

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

_______________

 

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.