| dbo:abstract |
The Community Preservation Act (CPA) is a Massachusetts state law (M.G.L. Chapter 44B) passed in 2000. It enables adopting communities to raise funds to create a local dedicated fund for open space preservation, preservation of historic resources, development of affordable housing, and the acquisition and development of outdoor recreational facilities. Funds are raised locally for these purposes through imposition of a voter-authorized surcharge on local property tax bills of up to 3%. Several exemptions to the CPA surcharge can also be authorized by voters at the time of adoption. Local adoption of CPA by a community triggers annual distributions from the state's Community Preservation Trust Fund, a statewide fund held by the Massachusetts Department of Revenue, which the law also establishes. Deed recording fees charged by the state's Registries of Deeds are the funding source for the statewide Community Preservation Trust Fund. Revenues from these two sources—the local CPA property tax surcharge and annual distributions from the state's Community Preservation Trust Fund—combine to form a city or town's Community Preservation Fund. (en) |
| dbo:wikiPageExternalLink |
https://www.communitypreservation.org/text-legislation https://www.communitypreservation.org https://www.communitypreservation.org/map%23anchor_list https://www.communitypreservation.org/trustfund |
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dbr:Property_tax dbr:Massachusetts dbr:Fee dbr:Registered_voters dbr:Historic_Preservation dbc:Massachusetts_law dbr:Affordable_housing dbr:Referendum dbr:Registry_of_deeds |
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dbt:Reflist |
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dbc:Massachusetts_law |
| gold:hypernym |
dbr:Law |
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dbo:Agent |
| rdfs:comment |
The Community Preservation Act (CPA) is a Massachusetts state law (M.G.L. Chapter 44B) passed in 2000. It enables adopting communities to raise funds to create a local dedicated fund for open space preservation, preservation of historic resources, development of affordable housing, and the acquisition and development of outdoor recreational facilities. (en) |
| rdfs:label |
Community Preservation Act (en) |
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freebase:Community Preservation Act wikidata:Community Preservation Act https://global.dbpedia.org/id/4hxow |
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wikipedia-en:Community_Preservation_Act?oldid=1122558396&ns=0 |
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wikipedia-en:Community_Preservation_Act |
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dbr:CPA |
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dbr:Scituate,_Massachusetts dbr:List_of_crowdsourcing_projects dbr:Crystal_Lake_(Newton,_Massachusetts) dbr:Emery_Grover_Building dbr:Gov._George_S._Boutwell_House dbr:Smart_growth dbr:Compact_city dbr:Historic_Cambridge_Newspaper_Collection dbr:CPA dbr:Wright_Memorial_Library |
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wikipedia-en:Community_Preservation_Act |