MA H1550

Amends Chapter 121B, Section 16 to exempt replacement public housing units from property taxation, betterments, and special assessments, regardless of whether owned by a housing authority, controlled affiliate, or private entity (including for-profit corporations, partnerships, or LLCs)

Tax exemption applies to buildings containing replacement units plus associated common areas and land, as long as units are restricted for use as replacement housing

Mixed-use buildings receive prorated exemptions based on the ratio of replacement unit square footage to total residential/commercial square footage in the structure

Exempt portions require payment in lieu of taxes (PILOT) using the same valuation formula applicable to housing authority properties in that municipality, or as previously agreed between the city/town and housing authority

Non-exempt portions of mixed-use buildings remain subject to standard real estate taxes under Chapter 59 based on fair cash value