Amendment ID: S2856-6-R2

2nd Redraft Amendment 6

Small Commercial Tax Exemption

Messrs. Tarr and O'Connor move that the proposed new text be amended by inserting after section_ 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.”

And moves to further amend by inserting after section _ the following new section:-

"SECTION XX.  Section 31A of chapter 63 of the mass general laws as appearing in the 2022 official edition is hereby amended by striking the word “one” in line 6 and replacing it with the word “three”.

Section 2: Said Section 31A is hereby further amended by striking the word “three” in line 119 and replacing it with the word “five”.

Section 3: Section 1 shall be repealed five years after the passage of this Act.

Section 4: Section 2 shall be repealed five years after the passage of this Act."

And moves to further amend by inserting after section _ the following

by inserting after section_ the following sections:-

"SECTION_. Section 37 of the chapter 50 of the acts of 2023 is hereby amended by being struck in its entirety and inserting in place thereof the following:-"Said section 2A of said chapter 65C, as so appearing, is hereby further amended by adding the following 2 subsections:-

(f) For the estates of decedents dying on or after July 1, 2023, a credit shall be allowed against the tax imposed by subsections (a) and (b) equal to the amount of such tax; provided, however, that the credit shall not exceed $182,000.

(g) The estates of decedents dying on or after July 1, 2023 shall not be required to pay any tax under subsections (a) and (b) if the value of the federal taxable estate is not more than $5,000,000, provided said taxable estate amount shall be adjusted annually to reflect any increases in the cost of living by the same method used for federal income tax brackets."

And moves to further amend by inserting after section_ the following:-

by inserting after section _ the following new sections:-

"SECTION _. Section 1 of Chapter 64H of the general laws, as appearing in the 2016 Official Edition, is hereby amended by inserting, after the definition of “Retail establishment”, the following new definition:-

“Rolling stock”, trucks, tractors, trailers, and railcars, used by common carriers to transport goods in interstate commerce.

SECTION _. Section 6 of Chapter 64H of the general laws, as so appearing, is hereby further amended by inserting, after subsection (xx), the following new subsection:

“(yy) sales of rolling stock”

SECTION _. Section 1 of Chapter 64I of the general laws, as so appearing, is amended by inserting in line 6, after the words “ retail sale”, the following new words:- “rolling stock”, .

SECTION _. Section 7 of chapter 64I of the general laws, as so appearing, is hereby amended by inserting, after subsection (e), the following new subsection:-

“(f) storage, use or other consumption of rolling stock”.