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Bill > S1894
MA S1894
MA S1894Resolve providing for an investigation and study by a special commission relative to a senior state property tax deferral program
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
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)
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/192/S1894 |
| Bill | https://malegislature.gov/Bills/192/S1894.pdf |
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