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By Mr. Moran of Boston, petition (accompanied by bill, House, No. 3043) of Michael J. Moran relative to limiting tax exemptions for educational institutions. Revenue. |
The Commonwealth of Massachusetts
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PETITION OF:
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By Mr. Moran of Boston, petition (accompanied by bill, House, No. 3043) of Michael J. Moran relative to limiting tax exemptions for educational institutions. Revenue. |
The Commonwealth of Massachusetts
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PETITION OF:
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In the Year Two Thousand and Seven.
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An Act limiting tax exemptions for educational instituations. |
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. the third clause of section 5 of chapter 59 of the General Laws, as appearing in the 2004 edition, is hereby amended by inserting after subsection (e) the following subsection: -
(f) In no instance shall the exemption provided by this section to an educational institution exceed 75% of its fair commercial tax rate.