Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H4805 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1 of 1
2	2	HOUSE DOCKET, NO. 5203 FILED ON: 6/18/2024
3	3	HOUSE . . . . . . . . . . . . . . . No. 4805
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Rob Consalvo
8	8	_________________
9	9	To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
10	10	Court assembled:
11	11	The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
12	12	An Act relative to property tax classification in the city of Boston.
13	13	_______________
14	14	PETITION OF:
15	15	NAME:DISTRICT/ADDRESS :DATE ADDED:Rob Consalvo14th Suffolk6/18/2024 1 of 3
16	16	HOUSE DOCKET, NO. 5203 FILED ON: 6/18/2024
17	17	HOUSE . . . . . . . . . . . . . . . No. 4805
18	18	By Representative Consalvo of Boston, a petition (subject to Joint Rule 12) of Rob Consalvo
19	19	(with the approval of the mayor and city council) relative to property tax classification in the city
20	20	of Boston. Revenue. [Local Approval Received.]
21	21	The Commonwealth of Massachusetts
22	22	_______________
23	23	In the One Hundred and Ninety-Third General Court
24	24	(2023-2024)
25	25	_______________
26	26	An Act relative to property tax classification in the city of Boston.
27	27	Whereas, The deferred operation of this act would tend to defeat its purpose, which is to
28	28	regulate the property tax classification limits in the City of Boston beginning in fiscal year 2025,
29	29	therefore it is hereby declared to be an emergency law, necessary for the immediate preservation
30	30	of the public convenience.
31	31	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
32	32	of the same, as follows:
33	33	1 SECTION 1: Notwithstanding section IA of chapter 58 of the General Laws or any other
34	34	2general or special law to the contrary, the commissioner of revenue shall further adjust the
35	35	3minimum residential factor of the city of Boston determined under said section lA of said chapter
36	36	458 for fiscal years 2025, 2026, 2027 and 2028, if adoption of such factor for any such year would
37	37	5result in the residential property class bearing a higher percentage of the total property tax levy
38	38	6than the percentage of the total property tax levy imposed on the residential property class than
39	39	7in the prior fiscal year. The new minimum residential factor for such year shall be (a) for fiscal
40	40	8year 2025, 45 per cent subject to such adjustment upward as may be required to provide that the
41	41	9percentage of the total tax levy imposed on any class of real or personal property shall not
42	42	10exceed 200 per cent of the full and fair cash valuation of the taxable property of the class divided 2 of 3
43	43	11by the full and fair cash valuation of all taxable real and personal property in the city of Boston,
44	44	12(b) in fiscal year 2026, 47 per cent subject to such adjustment upward as may be fiscal year 2026,
45	45	1347 per cent subject to such adjustment upward as may be required to provide that the percentage
46	46	14of the total tax levy imposed on any class of real or personal property shall not exceed 197 per
47	47	15cent of the full and fair cash valuation of the taxable property of the class divided by the full and
48	48	16fair cash valuation of all taxable real and personal property in the city of Boston, (c) in fiscal
49	49	17year 2027, 49 per cent subject to such adjustment upward as may be required to provide that the
50	50	18percentage of the total tax levy imposed on any class of real or personal property shall not
51	51	19exceed 190 per cent of the full and fair cash valuation of the taxable property of the class divided
52	52	20by the full and fair cash valuation of all taxable real and personal property in the city of Boston, (
53	53	21d) in fiscal year 2028, 50 per cent subject to such adjustment upward as may be required to
54	54	22provide that the percentage of the total tax levy imposed on any class of real or personal property
55	55	23shall not exceed 183 per cent of the full and fair cash valuation of the taxable property of that
56	56	24class divided by the full and fair cash valuation of all taxable real and personal property in the
57	57	25city of Boston, ( e) in fiscal year 2029 and thereafter, the determination of the minimum
58	58	26residential factor shall be conducted in accordance with the provisions detailed in section IA of
59	59	27chapter 58. Payments made under section 38H of chapter 59 of the General Laws, and similar
60	60	28provisions of special acts, that are included in the tax levy for purposes of determ1ning the
61	61	29minimum residential factor under said section 1 A of said chapter 58 shall be so included in the
62	62	30determination of any factor under this section.
63	63	31 SECTION 2: (a) The city of Boston may elect to apply the original identified schedule or
64	64	32an alternative implementation schedule where the original years of 2025, 2026, 2027, 2028 and 3 of 3
65	65	332029 would be substituted with (i) 2026, 2027, 2028, 2029, 2030 respectively, or (ii) 2027, 2028,
66	66	342029, 2030, 2031 respectively.
67	67	35 (b) The schedule election in Section 2(a) would be made upon notification to the
68	68	36Department of Revenue during the rate setting process of the first year of the schedule that the
69	69	37City of Boston is electing to implement. Once a schedule selection is made it may not be
70	70	38changed.