Massachusetts S2062 amends tax regulations for natural gas infrastructure, focusing on assessments for compressor stations.

Massachusetts S2062 amends tax regulations to require assessments that differentiate the value for allocation between pipelines and compressor station equipment. The bill mandates that any value assessed on compressor station equipment be allocated to the municipality where the compressor station is located. The allocation is based on the municipality's percentage of the gross investment for compressor station equipment. The commissioner is tasked with prescribing the manner for the allocations and expenditures of these funds and must promulgate the regulations by December 31, 2026.

Massachusetts S2062 amends tax regulations for natural gas infrastructure, focusing on assessments for compressor stations.

Massachusetts S2062 amends tax regulations to require assessments that differentiate the value for allocation between pipelines and compressor station equipment. The bill mandates that any value assessed on compressor station equipment be allocated to the municipality where the compressor station is located. The allocation is based on the municipality's percentage of the gross investment for compressor station equipment. The commissioner is tasked with prescribing the manner for the allocations and expenditures of these funds and must promulgate the regulations by December 31, 2026.