SENATE DOCKET, NO. 2495 FILED ON: 1/17/2025
SENATE . . . . . . . . . . . . . . No. 1994
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Ryan C. Fattman
_________________
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 fairness in taxation.
_______________
PETITION OF:
Name: | District/Address: |
Ryan C. Fattman | Worcester and Hampden |
SENATE DOCKET, NO. 2495 FILED ON: 1/17/2025
SENATE . . . . . . . . . . . . . . No. 1994
By Mr. Fattman, a petition (accompanied by bill, Senate, No. 1994) of Ryan C. Fattman for legislation to require a not for profit corporation with total assets exceeding $10,000,000 as reported in financial statements to be subject to taxation of real property. Revenue. |
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Fourth General Court
(2025-2026)
_______________
An Act relative to fairness in taxation.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section 2 of chapter 59 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting the following paragraph:-
"Notwithstanding any general or special law to the contrary, a not for profit corporation, as defined in chapter 180 of the General Laws, situated within the Commonwealth with total assets exceeding $10,000,000 as reported in financial statements included in the statutorily required annual report to the secretary of state's office, shall be subject to taxation of real property; provided, however, that a not for profit health and human service provider, church, synagogue or other building, structure, or place of worship shall not be subject to real property taxation."