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Bill > S1604


MA S1604

Providing tax relief to seniors while creating affordable housing


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
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)

Last Action

Accompanied a study order, see S2549 (on 02/20/2020)

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