MA H3022

Creates a property tax exemption of up to 10% of the average assessed value of all class 3 commercial property for qualifying small businesses in Massachusetts

Limits eligibility to commercial properties owned and occupied by businesses with 50 or fewer employees and assessed valuations below $1 million

Grants local option authority to boards of selectmen or mayors (with city council approval) to adopt the exemption in their municipalities

Requires the Director of the Division of Employment and Training to provide local assessors with a confidential annual list of employers with 50 or fewer employees by July 1st each year

Shifts the cost of the exemption to be borne by the combined value of all class 3 commercial property in the municipality