Amendment #708 to H4100

Inventory Tax Lost Revenue Reimbursement

Representatives Frost of Auburn, Fattman of Sutton, Durant of Spencer and Kuros of Uxbridge moves to amend the bill by 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.”.