Chapter 59 of the General Laws is hereby amended by inserting after section 8A the following section:-

Section 8B. (a) Any municipality that has within its boundaries a right of way owned or leased by a railroad or utility that has not used said right of way for its intended purpose of delivering utilities for greater than 10 years may levy a tax on rights of way parcels, as defined by the municipal assessor or similar authority.

(b) A city or town that accepts this section may impose an excise tax upon every railroad or utility electric for each linear foot of such right of way owned or operated by such company within the commonwealth. The rate of the tax shall be $0.10 per linear foot per year.

(c) The tax imposed by this section shall be paid by the railroad or utility to the commissioner of revenue on or before March 15 of each year, based on the total number of linear feet of utility rights of way owned or operated by such company as of December 31 of the preceding year.

(d) All sums received by the commissioner under this section as excise shall at least quarterly be distributed, credited and paid by the state treasurer upon certification of the commissioner to each city or town that has adopted this section in proportion to the amount of such sums received from the transfer of occupancy in each such city or town.

(e) The commissioner of revenue shall prescribe such forms, rules and regulations as may be necessary for the administration and enforcement of this section.