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Bill > H3734


MA H3734

MA H3734
Authorizing the town of Harvard to establish a cap on property taxes for means tested senior citizens


summary

Introduced
05/06/2021
In Committee
03/10/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to authorizing the town of Harvard to establish a cap on property taxes for means tested senior citizens. Revenue. [Local Approval Received.]

AI Summary

This bill authorizes the town of Harvard to establish a cap on property taxes for means-tested senior citizens. Specifically, it allows for a property tax cap equal to 10% of a qualified taxpayer's total annual household income, or a different percentage as determined under the bill. The exemption applies only to the taxpayer's domicile and is in addition to any other exemptions allowed under state law, though the total property tax reduction cannot exceed 50%. The bill takes effect upon passage.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Amendment #1 (Garlick) adopted (on 07/12/2022)

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