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Bill > H4755


MA H4755

Authorizing the town of Upton to establish a means tested senior citizen property tax exemption


summary

Introduced
05/05/2022
In Committee
06/15/2022
Crossed Over
12/22/2022
Passed
12/27/2022
Dead
Signed/Enacted/Adopted
12/29/2022

Introduced Session

192nd General Court

Bill Summary

That the town of Upton be authorized to establish a means tested senior citizen property tax exemption in said town. Revenue. [Local Approval Received.]

AI Summary

This bill authorizes the town of Upton to establish a means-tested senior citizen property tax exemption. The exemption applies to residential properties owned and occupied by individuals aged 65 or older whose prior year's income would make them eligible for the state's circuit breaker income tax credit. The exemption amount is set annually by the town's board of assessors and is equal to the circuit breaker tax credit. Applicants must have been domiciled and owned a home in Upton for at least 10 consecutive years. The exemption is subject to approval by the board of assessors and will be borne by all taxpayers through the town's overlay account. The exemption expires 3 years after the effective date of the act.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Signed by the Governor, Chapter 333 of the Acts of 2022 (on 12/29/2022)

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