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Bill > H2610


MA H2610

Establishing a means-tested senior property tax exemption local option


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to establishing local option means-tested senior property tax exemptions. Revenue.

AI Summary

This bill establishes a means-tested senior property tax exemption that cities and towns in Massachusetts can opt to implement. The exemption would apply to the primary residence of qualifying seniors whose prior year's income makes them eligible for the state's circuit breaker income tax credit. The exemption amount would be set annually by local government, within a range of 50% to 200% of the circuit breaker credit. The total exemption amount would be allocated proportionally within the residential tax levy. Applicants must meet certain criteria related to age, length of residency, and home value to qualify for the exemption, which must be applied for annually.

Committee Categories

Budget and Finance

Sponsors (17)

Last Action

Accompanied a new draft, see H4001 (on 11/06/2017)

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