Bill
Bill > H4949
MA H4949
Authorizing the town of Harvard to establish a cap on property taxes for means tested senior citizens
summary
Introduced
10/29/2018
10/29/2018
In Committee
10/29/2018
10/29/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
That the town of Harvard be authorized to establish a cap on property taxes for means tested senior citizens. Revenue. [Local Approval Received.]
AI Summary
This bill authorizes the town of Harvard to establish a cap on property taxes for means-tested senior citizens. The cap would limit property taxes to 10% of the total annual household income, with some exceptions. The bill sets income eligibility limits, residency requirements, and a process for applying for the exemption. It also provides for funding the exemptions through the assessor's overlay account and sets a total cap on the exemptions granted. The bill requires approval by a two-thirds majority vote at a town meeting or special election before taking effect, and the authorization would expire after three years unless reaffirmed by a majority vote.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a new draft, see H4984 (on 11/29/2018)
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/H4949 |
| Bill | https://malegislature.gov/Bills/190/H4949.pdf |
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