Bill > H4143

This bill allows the town of Wellesley to modify its real property tax deferral rules by permitting the Select Board to set a higher income threshold for qualifying residents than currently exists under state law. Specifically, the bill enables the town to expand the gross receipts limit for tax deferrals by using the income limit for married persons filing jointly as determined by the Massachusetts Commissioner of Revenue, which would apply regardless of the taxpayer's actual marital status. This means that property owners with incomes up to this threshold could potentially qualify for property tax deferrals, even if they would not have qualified under the previous, more restrictive state guidelines. The bill would take effect immediately upon passage, and appears to be a local measure designed to provide more flexible property tax relief for Wellesley residents.

Budget and Finance

https://malegislature.gov/Bills/194/H4143