AN ACT INCREASING THE LOCAL PROPERTY TAX RELIEF TO NONPROFIT VETERANS ORGANIZATIONS IN CERTAIN CITIES AND TOWNS.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
Section 5 of chapter 59 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting after clause Fifth B the following clause:─
Fifth C, The real and personal estate belonging to or held in trust for the benefit of incorporated organizations of veterans of any war in which the United States has been engaged, to the extent of $1,500,000, if used and occupied by such association, and if the net income from the property is used for charitable purposes, but the estate shall not be exempt for any year in which the association, or the trustees holding for the benefit of the association, willfully fails to file with the assessors the list and statement required by section 29. This clause shall take effect upon its acceptance by any city or town. In a city or town which accepts this clause, clauses Fifth, Fifth A and Fifth B shall not be applicable.