Massachusetts H3574 amends the General Laws to include reimbursement for cities and towns for lost tax revenue due to power plant decommissioning.

Massachusetts H3574 amends Chapter 21A of the General Laws to include a new purpose for the carbon dioxide cap and trade program. Specifically, it adds a provision to reimburse cities and towns for lost tax revenue associated with the decommissioning of power plants within their jurisdiction. This change aims to support local governments financially affected by the closure of power plants.

Massachusetts H3574 amends the General Laws to include reimbursement for cities and towns for lost tax revenue due to power plant decommissioning.

Massachusetts H3574 amends Chapter 21A of the General Laws to include a new purpose for the carbon dioxide cap and trade program. Specifically, it adds a provision to reimburse cities and towns for lost tax revenue associated with the decommissioning of power plants within their jurisdiction. This change aims to support local governments financially affected by the closure of power plants.