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MA S1994
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Ryan Fattman
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AI Summary
- Nonprofit corporations with total assets exceeding $10,000,000 would become subject to real property taxation in Massachusetts
- Asset threshold is determined by financial statements included in the required annual report to the Secretary of State's office
- Exemptions preserved for nonprofit health and human service providers
- Churches, synagogues, and other buildings or places of worship remain exempt from real property taxation
- Amends Section 2 of Chapter 59 of the General Laws governing property tax exemptions
Legislative Description
Relative to fairness in taxation
Last Action
Accompanied a study order, see S2757
11/26/2025
Committee Referrals
Revenue2/27/2025
Full Bill Text
No bill text available