SENATE DOCKET, NO. 689        FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1407

The Commonwealth of Massachusetts

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PRESENTED BY:

Stanley C. Rosenberg, (BY REQUEST)

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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 repealing the residential personal property tax.

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PETITION OF:

SENATE DOCKET, NO. 689        FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1407

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1509 OF 2011-2012.]

The Commonwealth of Massachusetts

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In the Year Two Thousand Thirteen

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An Act repealing the residential personal property tax.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Whereas, the personal property tax provides no additional revenue to the cities and towns of the commonwealth and;

Whereas, municipalities incur unnecessary expense in its administration and;

Whereas, the compliance with the reporting requirements represents an undue burden on the residence, let the following be enacted.

SECTION 1. Section 5 of Chapter 59 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting the following new clause at the end thereof: Fifty-six, personal property held principally for personal non-commercial use. Commercial use for the purposes of this section shall mean an enterprise whose net income exceeds $10,000.

SECTION 2. This act shall take effect upon its passage.