Bill
Bill > H4243
MA H4243
Authorizing the town of Reading to establish a means tested senior citizen property tax exemption
summary
Introduced
12/06/2019
12/06/2019
In Committee
02/13/2020
02/13/2020
Crossed Over
03/17/2020
03/17/2020
Passed
03/18/2020
03/18/2020
Dead
Signed/Enacted/Adopted
03/25/2020
03/25/2020
Introduced Session
191st General Court
Bill Summary
That the town of Reading be authorized to establish a means tested senior citizen property tax exemption in said town. Revenue. [Local Approval Received.]
AI Summary
This bill authorizes the town of Reading to establish a means-tested senior citizen property tax exemption. The exemption applies to residential property owned and occupied by seniors aged 65 or older (or 60 years old if co-owned with a spouse) who meet certain income and asset requirements. The select board will annually set the exemption amount at 150% of the state's "circuit breaker" tax credit. The total exemption amount will be allocated proportionally within the residential tax levy. Applicants must file annually and meet criteria such as having been a Reading resident for at least 10 years. The exemption is limited to a 3-year implementation period.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Signed by the Governor, Chapter 50 of the Acts of 2020 (on 03/25/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H4243 |
| Bill | https://malegislature.gov/Bills/191/H4243.pdf |
Loading...