Bill > H2535

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 used to determine eligibility for this deferral is based on what the commissioner of revenue sets for a single person not considered a head of household under another section of law. This bill would simplify that by directly setting the income threshold at $65,000, meaning seniors earning $65,000 or less would be eligible for the property tax deferral, which allows eligible individuals to postpone paying their property taxes.