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Bill > H5019


MA H5019

MA H5019
Authorizing the town of Harvard to establish a cap on property taxes for means tested senior citizens


summary

Introduced
07/12/2022
In Committee
Crossed Over
08/11/2022
Passed
08/18/2022
Dead
Signed/Enacted/Adopted
08/24/2022

Introduced Session

192nd General Court

Bill Summary

Text of an amendment substituted, on motion of Ms. Garlick of Needham, for a bill with the same title (House, No. 3734). July 12, 2022.

AI Summary

This bill authorizes the town of Harvard to establish a cap on property taxes for means-tested senior citizens. Specifically, it amends a previous law to provide an exemption that caps the property tax at 10% of the taxpayer's total annual household income, or a different percentage determined under a separate section. This exemption applies to the taxpayer's domicile and is in addition to any other exemptions allowed under state law, but the property taxes cannot be reduced by more than 50% through this exemption. The bill takes effect upon passage.

Sponsors (3)

Last Action

Signed by the Governor, Chapter 190 of the Acts of 2022 (on 08/24/2022)

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