Bill
Bill > H2477
MA H2477
Relative to the establishment of a means tested senior citizen property tax exemption
summary
Introduced
01/22/2019
01/22/2019
In Committee
02/27/2020
02/27/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to the establishment of a means tested senior citizen property tax exemption. Revenue.
AI Summary
This bill establishes a means-tested senior citizen property tax exemption in Massachusetts. The key provisions are:
- The exemption applies to residential property owned and occupied by a person 65 years or older whose prior year's income did not exceed the income limit for the state's circuit breaker income tax credit.
- The exemption amount is equal to the total property tax due, minus 10% of the owner's income and the amount of the circuit breaker tax credit.
- The total exemptions granted in a city or town are capped at 0.5-1% of the residential property tax levy, and if the cap is reached, the exemption amount is reduced by raising the income percentage.
- Homeowners must apply for the exemption each year and meet certain criteria related to age, income, asset limits, and length of residency in the city/town.
- The exemption must be certified by the Department of Revenue before it can be implemented, and it expires every three years unless the city/town votes to re-accept it.
Committee Categories
Budget and Finance
Sponsors (20)
Brian Ashe (D),
Christine Barber (D),
Julian Cyr (D),
Mike Day (D),
David DeCoste (R),
Shawn Dooley (R),
Michelle DuBois (D),
Nika Elugardo (D),
Tricia Farley-Bouvier (D),
Carmine Gentile (D),
Jim Hawkins (D),
Jonathan Hecht (D),
Kate Hogan (D),
Brad Jones (R),
Jason Lewis (D),
David Linsky (D),
Joan Meschino (D),
Matt Muratore (R),
Becca Rausch (D),
Bruce Tarr (R),
Last Action
Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling (on 02/27/2020)
Official Document
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/191/H2477 |
Bill | https://malegislature.gov/Bills/191/H2477.pdf |
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