SENATE, No. 2319

By Mr. Hedlund, a petition (accompanied by bill, Senate, No. 2319) of Robert L. Hedlund and Robert J. Nyman (by vote of town) for legislation to provide a property tax exemption in the town of Norwell. Revenue. {Local approval received.}
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The Commonwealth of Massachusetts

Seal of the Commonwealth of Massachusetts

In the Year Two Thousand and Seven.

AN ACT PROVIDING A PROPERTY TAX EXEMPTION IN THE TOWN OF NORWELL

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. To allow the Town of Norwell to increase the limit on the maximum qualifying gross receipts set forth in the Massachusetts General Laws, Chapter 59, Section 5, Clause 41A from $40,000 to seventy-five percent (75%) of the Median Family Income (MFI) determined for the Boston, Cambridge, and Quincy demographic area and published periodically by the Federal Department of Housing and Urban Development (HUD).