Amendment #76 to H4789

Small Commercial Tax Exemption

Representatives Jones of North Reading, Haggerty of Woburn, Ferguson of Holden, Frost of Auburn, Gifford of Wareham, Barrows of Mansfield and Smola of Warren move to amend the bill by adding the following section:-

“SECTION XX. Section 5I of chapter 59 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting at the end thereof the following:-

In those cities and towns in which an exemption is made available hereunder, the local governing body may provide an exemption for parcels with multiple commercial occupants if at least 50 percent of the occupants are eligible businesses. If the parcel is a multiple use property consisting of both residential and commercial occupants, the local governing body may provide an exemption if at least 50 percent of the commercial portion of the parcel is comprised of eligible businesses.”

Additional co-sponsor(s) added to Amendment #76 to H4789

Small Commercial Tax Exemption