Bill
Bill > H5391
MA H5391
Authorizing the Westborough Board of Assessors to approve additional tax exemptions of qualifying senior residents
summary
Introduced
11/17/2022
11/17/2022
In Committee
12/12/2022
12/12/2022
Crossed Over
12/29/2022
12/29/2022
Passed
12/29/2022
12/29/2022
Dead
Signed/Enacted/Adopted
01/05/2023
01/05/2023
Introduced Session
192nd General Court
Bill Summary
That the town of Westborough be authorized to approve certain additional tax exemptions of qualifying senior residents. Revenue. [Local Approval Received.]
AI Summary
This bill authorizes the Westborough Board of Assessors to approve additional tax exemptions for qualifying senior residents. The key provisions include:
1. Providing an exemption from property tax on the domicile of qualifying taxpayers, in an amount set annually by the Board of Assessors, which can be up to 100% of the senior circuit breaker income tax credit.
2. Establishing eligibility criteria, such as the property being owned and occupied by a person 65 or older (or 60 with a joint applicant 65 or older), having been a Westborough resident for at least 10 years, and the property's assessed value not being more than 10% above the town's average single-family residential value.
3. Requiring annual applications and allowing the Board of Assessors to deny applications if the applicant has excessive assets.
4. Providing for a 3-year sunset on the exemption, but allowing the town to reauthorize it for additional 3-year intervals.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Signed by the Governor, Chapter 411 of the Acts of 2022 (on 01/05/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H5391 |
| Bill | https://malegislature.gov/Bills/192/H5391.pdf |
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