summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to provide tax relief to seniors while creating affordable housing. Revenue.
AI Summary
This bill provides tax relief to seniors while creating affordable housing. It allows municipalities to establish a "Homes Preservation Plan" that offers persons over 65 and/or those who meet the income requirements for low or moderate-income housing the opportunity to enter into a right of first refusal agreement with the municipality in exchange for deferring some or all of their real property tax obligations. The deferred taxes would be paid without interest or cost when the residence is sold. The bill also allows municipalities to include residences with ancillary rental units in the plan and require the homeowner to limit rent increases in those units. The goal is to help seniors and low-income individuals remain in their homes while also increasing the availability of affordable housing.
Committee Categories
Budget and Finance
Sponsors (10)
Will Brownsberger (D),
Harriette Chandler (D),
Mike Connolly (D),
Patrick Kearney (D),
John Lawn (D),
David LeBoeuf (D),
Brian Murray (D),
Sarah Peake (D),
Denise Provost (D),
José Tosado (D),
Last Action
Accompanied a study order, see S2549 (on 02/20/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S1604 |
| Bill | https://malegislature.gov/Bills/191/S1604.pdf |
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