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Prior to approval, the landowner must establish a forest management plan for the affected property and have it approved by a state certified forester. Only the wooded and undeveloped portions of the land may be enrolled in the program. The tax reduction is based upon the market value of the potential forestry products the land can produce. [2]
Some municipalities have a state-authorized property tax exemption for low-price owner-occupied residences of up to 30%. [20] Other exemptions include hospitals, schools, churches, seniors, veterans, surviving spouses, and blind people [21] Local income tax. The Massachusetts Constitution was modified in 1915 to permit a state income tax.
The business trust made its debut in Massachusetts in 1827. As a result, a U.S. business trust today is often called a "Massachusetts trust" in legal circles. The U.S. Supreme Court defined the Massachusetts trust as a form of business organization, common in Massachusetts consisting essentially of an arrangement whereby property is conveyed to trustees: in accordance with terms of the trust.
The Massachusetts Development Finance Agency (MassDevelopment) was created in 1998 under Chapter 23G of the Massachusetts General Laws, [1] which merged the Massachusetts Government Land Bank with the Massachusetts Industrial Finance Agency. Both a lender and developer, MassDevelopment works with businesses, nonprofits, financial institutions ...
DuPage County (/ d uː ˈ p eɪ dʒ / doo-PAYJ) is a county in the U.S. state of Illinois, and one of the collar counties of the Chicago metropolitan area. As of the 2020 census , the population was 932,877, making it Illinois' second-most populous county .
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Article 78 (LXXVIII) of the Massachusetts Constitution says all motor vehicle fees and taxes (except registration excise tax in lieu of property tax), including fuel taxes, must be spent on transportation, including roads, mass transit, traffic law enforcement, and administration. Transportation is thus a net recipient of general state funds.
Wayne Township is one of nine townships in DuPage County, Illinois, USA. As of the 2020 census, its population was 64,427 and it contained 21,788 housing units. As of the 2020 census, its population was 64,427 and it contained 21,788 housing units.