Promotes business continuity and recovery after a disaster in Massachusetts.
The bill aims to promote business continuity and recovery after a disaster in Massachusetts. It allows businesses to deduct half of their expenditures for business continuity or interruption insurance. Municipalities can establish agreements to abate real estate tax obligations on disaster-affected sites. The bill also establishes a Small Business Insurance Commission to study insurance needs for small businesses. It creates the Massachusetts Disaster Relief and Recovery Fund for grants and low-interest loans to small businesses.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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