Bill Text: MA S95 | 2009-2010 | 186th General Court | Introduced
Bill Title: Enhance the economic benefits of the tax increment financing program
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 6/16 at 1:00 PM in Hearing Room B2 [S95 Detail]
Download: Massachusetts-2009-S95-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Mr. Pacheco
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To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act to enhance the economic benefits of the tax increment financing program.
_______________
PETITION OF:
[SIMILAR MATTER FILED IN PREVIOUS
SESSION
SEE SENATE, NO. S00148 OF 2007-2008.]
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
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An Act to enhance the economic benefits of the tax increment
financing program.
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 59 of Chapter 40 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding at the end of subsection (v) the following:
“(5) a detailed explicit declaration that the provisions of sections 26 through 27H, inclusive, of Chapter 149 of the General Laws apply to all construction, as defined in section 27D of Chapter 149 of the General Laws, that is supported or financed, directly or indirectly, by the tax increment financing.”
