Bill > S1342

This bill proposes to amend Section 5 of Chapter 59 of the General Laws, specifically subsection 41A(2), to increase the property tax deferral for seniors. Currently, the amount of income considered for this deferral is determined by the commissioner of revenue for the purposes of subsection (k) of section 6 of chapter 62, which relates to income tax for single individuals not considered heads of household. The bill seeks to replace this variable income determination with a fixed amount of $65,000, meaning seniors with incomes up to $65,000 would be eligible for the property tax deferral, making the eligibility criteria clearer and potentially expanding the program's reach.