SD 555 Massachusetts Senate · 193rd Legislature (2023-2024)

An Act to promote business continuity and recovery after a disaster

This bill aims to help businesses recover from disasters by offering tax deductions for purchasing insurance and establishing continuity plans. It creates a new Small Business Insurance Commission to develop guidelines ensuring small businesses maintain recovery plans and register with local emergency offices. Additionally, the legislation allows municipalities to issue emergency permits for rebuilding after disasters and lets them pause property tax penalties on commercial sites affected by natural events.
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