Bill > S1501

Introduced Session

This bill would transform the homestead property tax reimbursement program, commonly known as the "senior freeze" program, from a reimbursement program into a credit program for most eligible homeowners. Currently, eligible seniors and disabled persons may apply for a senior freeze benefit that reimburses them, by check, for any property tax increases paid in the prior tax year over and above the amount of property taxes paid in the applicable base year. This bill would allow most of these eligible homeowners to realize these savings in the form of a credit directly applied to their property tax bills. This bill would simplify and lower the cost of administering the senior freeze program. Eligible homeowners who reside in a unit in a cooperative, mutual housing corporation, or continuing care retirement community, and who do not pay property taxes directly to the municipality, would receive a rebate payment instead of a credit directly applied to their property tax bills.

Committee Categories

Vin Gopal (D)*,  Jean Stanfield (R)*,  Patrick Diegnan (D), 

Combined with S259 (SCS) (on 09/29/2022)

Official Document