The Affordable Housing Property Tax Exemption was created by section 3 of “AN ACT TO IMPROVE THE COMMONWEALTH’S COMPETITIVENESS, AFFORDABILITY AND EQUITY,” St. 2023, c. 50. This publication aims to answer questions concerning the affordable housing property tax exemption.
Chapter 140 of the Acts of 2024 made several changes to the tax title foreclosure process. Those changes can be found in the Division of Local Services (DLS) publication Bulletin 2024-6 and updated in the Local Tax Collections FAQs. This publication aims to answer questions DLS has received concerning the Act and, primarily, whether its provisions must be followed for foreclosure decrees received before its effective date. DLS advises local officials to confer with local counsel on these issues.
This Local Finance Opinion (LFO) addresses questions about the municipal finance law and accounting treatment of (1) local option excises on the retail sales of marijuana for adult use and (2) impact fees or other payments under a community host or other agreement with a marijuana establishment or medical marijuana treatment center in connection with its siting and operation in the municipality. It does not address how payments by those establishments or treatment centers are treated for purpose
This Local Finance Opinion (LFO) addresses questions relating to (1) the accounting treatment of money received by a city, town or district under an insurance policy or as restitution for damage to its property and (2) the availability of the money for expenditure.
