Community Preservation
SECTION 69.
Section 2 of chapter 44B of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by inserting after the definition of "Annual income" the following definition:-
"Capital improvement", reconstruction or alteration of real property that: (1) materially adds to the value of the real property or appreciably prolongs the useful life of the real property; (2) becomes part of the real property or is permanently affixed to the real property so that removal would cause material damage to the property or article itself; and (3) is intended to become a permanent installation or is intended to remain there for an indefinite period of time.