Bill
Bill > H4784
MA H4784
MA H4784Authorizing the town of North Reading to establish a means tested senior citizen property tax exemption
summary
Introduced
06/20/2024
06/20/2024
In Committee
07/15/2024
07/15/2024
Crossed Over
11/04/2024
11/04/2024
Passed
11/07/2024
11/07/2024
Dead
Signed/Enacted/Adopted
11/15/2024
11/15/2024
Introduced Session
193rd General Court
Bill Summary
That the town of North Reading 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 North Reading to establish a means-tested senior citizen property tax exemption. The exemption will be applied to the domicile of qualifying taxpayers aged 65 or older who meet certain income and asset requirements, including having been a town resident for at least 10 years. The select board will annually set the exemption amount up to 50% of the state's "circuit breaker" tax credit. The total exemption amount will be allocated proportionally within the residential tax levy. Applicants must file annually, and the exemption will expire after 3 years unless renewed.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Signed by the Governor, Chapter 233 of the Acts of 2024 (on 11/15/2024)
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/H4784 |
| BillText | https://malegislature.gov/Bills/193/H4784.pdf |
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