Establishes a local option municipal excise tax on unused utility corridors in Massachusetts.

The bill proposes to amend the General Laws of Massachusetts by adding a new section that allows cities or towns to impose a tax on unused utility corridors. The tax rate is set at $0.10 per linear foot per year. Railroads or utilities must pay this tax to the commissioner of revenue by March 15 each year, based on the total number of linear feet of utility rights of way owned or operated by the company as of December 31 of the previous year. The revenue collected will be distributed to the municipalities where the unused utility corridors are located.

Establishes a local option municipal excise tax on unused utility corridors in Massachusetts.

The bill proposes to amend the General Laws of Massachusetts by adding a new section that allows cities or towns to impose a tax on unused utility corridors. The tax rate is set at $0.10 per linear foot per year. Railroads or utilities must pay this tax to the commissioner of revenue by March 15 each year, based on the total number of linear feet of utility rights of way owned or operated by the company as of December 31 of the previous year. The revenue collected will be distributed to the municipalities where the unused utility corridors are located.