Amendment #24 to H.4324
Inventory Tax Lost Revenue Reimbursement
Mr. Frost of Auburn move that the bill be amended inserting, after section XX, the following section:—
“SECTION XX. Notwithstanding the provisions of chapter 173 of the Acts of 2008, the commonwealth shall reimburse any city or town for the personal property tax revenue lost as a result of a business conforming with federal entity classification rules.”.