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MA H3244
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Michael Soter
Click for details
AI Summary
- Increases the maximum small commercial property tax exemption from 10% to 20% of the parcel's value, with the specific amount to be set by local legislative bodies
- Raises the property valuation eligibility cap from $1 million to $4 million, allowing more commercial properties to qualify for the exemption
- Grants local legislative bodies authority to determine the exact exemption percentage and valuation threshold within the new maximums
- Amends Section 5I of Chapter 59 of the General Laws governing property tax exemptions
- Filed by Representative Michael J. Soter (8th Worcester) with bipartisan co-sponsors from Worcester, Hampden, Plymouth, and Barnstable districts
Legislative Description
Relative to the small commercial tax exemption
Last Action
Accompanied a study order, see H5203
3/12/2026
Committee Referrals
Revenue2/27/2025
Full Bill Text
No bill text available