SECTION 1. Chapter 59 of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by inserting the following:-

Section 5O. With respect to each parcel of real property classified as class one, residential, and 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 board of selectmen or mayor, with the approval of the city council, as the case may be, there shall be an exemption equal to not more than 35 per cent of the assessed value of class one, residential, parcels and of class three, commercial, parcels, respectively, within such city or town; provided, however, that such an exemption shall be applied only to parcels to the extent that such parcels satisfy the requirements for stormwater management, climate change adaptation, native-species habitat, vegetated permeable surface, vegetated water retention, water quality, soil health, foliage and tree cover, carbon sequestration, or other ecological services as specified by the executive office of energy and environmental affairs and approved by the secretary of that office. This exemption shall be in addition to any exemptions allowable under section five; provided, however, that in no instance shall the taxable valuation of such property after all applicable exemptions be reduced below ten per cent of its full and fair cash valuation, except through the applicability of clause eighteenth of section five. Where, under the provisions of section five, the exemption is based upon an amount of tax rather than on valuation, the reduction of taxable valuation for purposes of the preceding sentence shall be computed by dividing the said amount of tax by the residential class tax rate of the city or town and multiplying the result by one thousand dollars. For purposes of this paragraph, "parcel'' shall mean a unit of real property as defined by the assessors in accordance with the deed for such property and shall include a condominium unit.

Notwithstanding any special act to the contrary, a city or town may collect a fee of no more than one-tenth of one percent of the tax and only to be used in verification of the extent that parcels satisfy the requirements for the ecological exemption.

Notwithstanding any special act to the contrary, a city or town may grant a ecological exemption in the amount and manner set forth in this section and, in those cities and towns in which an exemption is made available hereunder, a taxpayer aggrieved by the failure to receive such ecological exemption may apply for such ecological exemption to the assessors, in writing, on a form approved by the commissioner, on or before the deadline for an application for exemption under section 59.

A timely application filed hereunder shall, for the purposes of this chapter, be treated as a timely filed application pursuant to section fifty-nine.

SECTION 2. Section 1 shall take effect July 1, 2020.