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Bill > S1885


MA S1885

MA S1885
Relative to senior property tax deferral


summary

Introduced
03/29/2021
In Committee
07/26/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to senior property tax deferral. Revenue.

AI Summary

This bill amends the existing law to expand the senior property tax deferral program. Specifically, it allows seniors aged 65 or older, or those who own property jointly with a spouse aged 65 or older, to defer property taxes if their gross income does not exceed certain limits. The bill outlines the process for entering into a tax deferral and recovery agreement with the local assessors, including provisions for the lien on the property, interest rates, and payment by heirs upon the owner's passing. The bill applies to taxes assessed for fiscal years beginning on or after July 1, 2021.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 07/26/2022)

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