Amendment ID: S2010-19

Amendment 19

Municipal Snow and Ice Deficits

Mr. Hedlund moves to amend the bill by adding at the end thereof the following new section:-

SECTION XX.   Notwithstanding section 31D of chapter 44 of the General Laws or section 23 of chapter 59 of the General Laws or any other general or special law to the contrary, a city or town may amortize over fiscal years 2015 and 2016, in equal installments, or more rapidly, an amount of its fiscal year 2014 snow and ice deficit.  The local appropriating authority, as defined in section 21C of said chapter 59, shall adopt a deficit amortization schedule before the setting of the fiscal year 2015 municipal tax rate, consistent with the first sentence of this section.  The commissioner of revenue may issue guidelines or instructions for reporting the amortization of deficits authorized by this section.