Bill
Bill > H4001
MA H4001
Relative to the establishment of a means tested senior citizen property tax exemption
summary
Introduced
11/06/2017
11/06/2017
In Committee
12/31/2018
12/31/2018
Crossed Over
12/31/2018
12/31/2018
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to the establishment of a means tested senior citizen property tax exemption
AI Summary
This bill establishes a means-tested senior citizen property tax exemption in Massachusetts. The key provisions are: (1) a property tax exemption equal to the total tax less 10% of the applicant's income and the circuit breaker tax credit; (2) eligibility requirements such as the property being owned and occupied by a person 65 or older with income below a certain limit, and the property having a maximum assessed value; (3) a cap on the total exemption amount granted, which can be adjusted annually by local officials; and (4) the requirement for the Department of Revenue to certify the residential tax rate where the exemption amount is raised by a burden shift within the residential tax levy.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
No further action taken (on 01/01/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H4001 |
| Bill | https://malegislature.gov/Bills/190/H4001.pdf |
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