Bill > S1772

This bill seeks to adjust the senior circuit breaker property valuation in Massachusetts. Specifically, it: 1. Defines "free Medicare Part A non-eligibility" as payments made by individuals to obtain Medicare Part A insurance due to their ineligibility for free Medicare Part A. 2. Includes the previous calendar year's payment for Medicare Part A resulting from free Medicare Part A non-eligibility when calculating the "real estate tax payment" used to determine the senior circuit breaker tax credit. 3. Increases the property value threshold for the senior circuit breaker tax credit from $600,000 to the greater of $600,000 or the average value of a single-family home in the municipality, as determined by the local assessor for the previous fiscal year. The senior circuit breaker is a property tax credit available to eligible senior homeowners in Massachusetts, and this bill aims to expand the eligibility and benefits of this program.

Budget and Finance

https://malegislature.gov/Bills/193/S1772