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Bill > S1894


MA S1894

MA S1894
Resolve providing for an investigation and study by a special commission relative to a senior state property tax deferral program


summary

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

Introduced Session

192nd General Court

Bill Summary

For legislation to provide for an investigation and study by a special commission relative to a senior state property tax deferral program. Revenue.

AI Summary

This bill proposes the establishment of a special commission to investigate the feasibility of creating a state property tax deferral program for individuals aged 65 and older. The commission would study the implementation of a 3-year pilot program, including determining the percentage of eligible households that would participate and the required size of a revolving loan fund to administer the program. The commission would also review the experiences and policy efforts of other states with similar programs, and consider various aspects such as the economic impact on taxpayers, administrative costs, eligibility requirements, and a potential formula for maximum deferral amounts. The commission would be required to submit its recommendations and draft legislation by December 31, 2024.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Accompanied a study order, see S2743 (on 03/10/2022)

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