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Bill > H2915


MA H2915

MA H2915
Relative to the establishment of a means tested senior citizen property tax exemption


summary

Introduced
03/29/2021
In Committee
04/14/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the establishment of a means tested senior citizen property tax exemption. Revenue.

AI Summary

This bill establishes a means-tested senior citizen property tax exemption. It allows cities and towns to provide an exemption from property taxes for eligible senior citizens, with the exemption amount being the total tax less 10% of the applicant's income and the circuit breaker tax credit they received the prior year. The exemption is subject to a cap of 0.5-1% of the residential property tax levy, and eligibility is based on income limits, age, residency duration, and home value. The exemption must be re-accepted by the local government every 3 years.

Committee Categories

Budget and Finance

Sponsors (17)

Last Action

No further action taken (on 01/03/2023)

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