The Commonwealth of Massachusetts
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PETITION OF:
The Commonwealth of Massachusetts
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PETITION OF:
Anthony J. Verga
Jennifer L. Flanagan
Robert L. Rice, Jr.
Michael R. Knapik
John P. Fresolo
Kathi-Anne Reinstein
Gale D. Candaras
Jennifer M. Callahan
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In the Year Two Thousand and Seven.
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An Act to provide local property tax relief to nonprofit veteran organizations. |
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. Section 5 of Chapter 59 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding after clause Fifth B the following clause:─
Fifth C, The real and personal estate belonging to or held in trust for the benefit of incorporated organizations of veterans of any war in which the United States has been engaged, to the extent of one million five hundred thousand dollars, if used and occupied by such association, and if the net income from said property is used for charitable purposes; provided, however, that such estate shall not be exempt for any year in which such association or the trustees holding for the benefit of such association willfully omit to file with the assessors the list and statement required by section twenty-nine. This clause shall take effect upon its acceptance by any city or town. In a city or town which accepts the provisions of this clause, the provisions of clause Fifth, Fifth A, and Fifth B shall not be applicable.