Bill > H3095

This bill amends Section 3 of Chapter 62 of the Massachusetts General Laws to increase an income tax exemption for senior citizens from $700 to $1,500. Specifically, the bill modifies three separate lines in the existing law, replacing the "$700" figure with "$1,500" in each instance. This change would effectively double the tax exemption amount for elderly persons, potentially providing significant financial relief for senior citizens by reducing their taxable income. The amendment appears to be a straightforward mechanism to provide additional tax benefits to older residents, which could help address the financial challenges faced by seniors on fixed incomes.

Budget and Finance

https://malegislature.gov/Bills/194/H3095