AN ACT AUTHORIZING THE ABATEMENT OF CERTAIN PROPERTY TAX ASSESSMENTS IN THE TOWN OF DANVERS.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
SECTION 1. Notwithstanding section 2D of chapter 59 of the General Laws or any other general or special law to the contrary, the town of Danvers, acting by and through its board of assessors, shall abate a portion of the taxes assessed for fiscal year 2007 on any real estate that has decreased in assessed valuation by over 30 per cent as a result of the November 22, 2006 explosion at the Arnel, Co. Inc. and CAI, Inc. site, in an amount to be calculated in the manner provided by subsection (e) of said section 2D of said chapter 59.
SECTION 2. This act shall take effect upon its passage.