summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to senior property tax deferral. Revenue.
AI Summary
This bill proposes to amend the existing property tax deferral program for seniors in Massachusetts. The key provisions include:
1. Increasing the income eligibility threshold for the property tax deferral program to match the income limits used for the state's personal income tax exemptions.
2. Requiring assessors to proactively notify eligible seniors who have previously entered into a tax deferral agreement about the upcoming application deadline.
3. Clarifying the terms of the tax deferral and recovery agreement, including the interest rate, the maximum deferred amount, and the process for heirs to repay the deferred taxes.
4. Ensuring that the tax deferral lien is subordinate to any reverse mortgage lien on the property.
5. The amendments in this bill would apply to property taxes assessed starting in fiscal year 2025.
Committee Categories
Budget and Finance
Sponsors (30)
Dave Rogers (D)*,
Tommy Vitolo (D)*,
James Arena-Derosa (D),
Jenny Armini (D),
John Barrett (D),
Simon Cataldo (D),
Tackey Chan (D),
Kate Donaghue (D),
William Driscoll Jr. (D),
Rodney Elliott (D),
Bill Galvin (D),
Sean Garballey (D),
Ryan Hamilton (D),
Chris Hendricks (D),
Russell Holmes (D),
Vanna Howard (D),
Pat Jehlen (D),
Brad Jones (R),
Kristin Kassner (D),
Mike Kushmerek (D),
David LeBoeuf (D),
Jason Lewis (D),
Sam Montaño (D),
Brian Murray (D),
Jake Oliveira (D),
Alice Peisch (D),
Dave Robertson (D),
Bill Straus (D),
Andy Vargas (D),
Bud Williams (D),
Last Action
Accompanied a study order, see H4727 (on 06/24/2024)
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/193/H2974 |
| BillText | https://malegislature.gov/Bills/193/H2974.pdf |
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