Bill > H3904

This bill modifies the property tax exemption for senior homeowners specifically in the City of Boston by making three key changes to the existing tax law: (1) increasing the base exemption amount from $500 to $1,500, (2) updating income thresholds to use 50% of the Area Median Income (AMI) as published annually by the U.S. Department of Housing and Urban Development (HUD), which will dynamically adjust based on household size and the most recent data available as of July 1 of the fiscal year, and (3) raising the income limits from $28,000 to $80,000 and from $30,000 to $110,000. These adjustments are intended to provide more substantial tax relief for senior homeowners by expanding the qualifying income ranges and increasing the base exemption amount. The bill will take effect immediately upon passage, and it includes a severability clause to ensure that if any part of the law is found to be unconstitutional, the remaining provisions will still remain in full force and effect.

Budget and Finance

https://malegislature.gov/Bills/194/H3904