Bill > S1269

This bill proposes to create a new tax credit for Massachusetts residents who own and occupy their homes as their principal residence and pay a retail sewer bill to a municipality or sewer authority. Specifically, eligible homeowners would receive a credit equal to 20% of the "sewer debt service," which refers to the portion of their sewer bill that covers the cost of borrowing for sewer infrastructure. This credit would only be available if municipalities clearly separate the debt service charges on their water and sewer bills. The bill also clarifies that the amount of this credit would be reduced by any interest subsidy or grant received from the state towards those sewer expenditures.