Bill
Bill > H4476
summary
Introduced
02/27/2020
02/27/2020
In Committee
02/27/2020
02/27/2020
Crossed Over
12/14/2020
12/14/2020
Passed
12/16/2020
12/16/2020
Dead
Signed/Enacted/Adopted
12/21/2020
12/21/2020
Introduced Session
191st General Court
Bill Summary
Authorizing the town of Winchester to establish a senior property tax exemption
AI Summary
This bill authorizes the town of Winchester to establish a senior property tax exemption. The exemption applies to residential properties owned and occupied by individuals aged 65 or older (or with a joint owner aged 60 or older) who meet certain income and asset requirements. The exemption amount will be set annually by the select board within a range of 50% to 200% of the state's "circuit breaker" tax credit. The total exemption amount will be allocated proportionally across all residential taxpayers. Applicants must file for the exemption each year, and the Department of Revenue must certify the residential tax rate to ensure the exemption is revenue-neutral within the town's tax levy.
Sponsors (2)
Other Sponsors (1)
Joint Committee on Revenue (J)
Last Action
Signed by the Governor, Chapter 230 of the Acts of 2020 (on 12/21/2020)
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/H4476 |
| Bill | https://malegislature.gov/Bills/191/H4476.pdf |
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