Amendment #24 to H4324

Inventory Tax Lost Revenue Reimbursement

Mr. Frost of Auburn moves to amend the bill 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.”.