Massachusetts H3965 amends tax abatement rules for public utilities, requiring them to submit their own proposed assessment and pay taxes on that.

Massachusetts H3965 amends the state's tax abatement rules for public utilities. It requires public utilities to submit their own proposed assessment amount at the time of an appeal and immediately pay the tax on that proposed amount. Additionally, if the appellate tax board finds the public utility's appeal insufficient, the utility must pay a monetary penalty of 25 percent of what they would owe.

Massachusetts H3965 amends tax abatement rules for public utilities, requiring them to submit their own proposed assessment and pay taxes on that.

Massachusetts H3965 amends the state's tax abatement rules for public utilities. It requires public utilities to submit their own proposed assessment amount at the time of an appeal and immediately pay the tax on that proposed amount. Additionally, if the appellate tax board finds the public utility's appeal insufficient, the utility must pay a monetary penalty of 25 percent of what they would owe.