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| 2 | 2 | | SENATE DOCKET, NO. 1616 FILED ON: 1/19/2023 |
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| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 1842 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Adam Gomez |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act creating a local option property tax cap for low-income seniors. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :Adam GomezHampdenAdam Scanlon14th BristolJames B. EldridgeMiddlesex and Worcester2/17/2023 1 of 2 |
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| 16 | 16 | | SENATE DOCKET, NO. 1616 FILED ON: 1/19/2023 |
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| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 1842 |
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| 18 | 18 | | By Mr. Gomez, a petition (accompanied by bill, Senate, No. 1842) of Adam Gomez, Adam |
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| 19 | 19 | | Scanlon and James B. Eldridge for legislation to create a local option property tax cap for low- |
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| 20 | 20 | | income seniors. Revenue. |
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| 21 | 21 | | The Commonwealth of Massachusetts |
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| 22 | 22 | | _______________ |
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| 23 | 23 | | In the One Hundred and Ninety-Third General Court |
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| 24 | 24 | | (2023-2024) |
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| 25 | 25 | | _______________ |
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| 26 | 26 | | An Act creating a local option property tax cap for low-income seniors. |
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| 27 | 27 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 28 | 28 | | of the same, as follows: |
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| 29 | 29 | | 1 Chapter 59 of the General Laws is hereby amended by inserting after section 5N the |
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| 30 | 30 | | 2following section:- |
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| 31 | 31 | | 3 Section 5O. A city or town that accepts this section in the manner provided in section 4 of |
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| 32 | 32 | | 4chapter 4 may impose a cap on property taxes for homeowners of the age of 65 or over; |
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| 33 | 33 | | 5provided, that such homeowners shall meet the following income and asset requirements for |
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| 34 | 34 | | 6eligibility, if single incomes of $50,000 or less, if married $60,000 or less and assets of $75,000 |
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| 35 | 35 | | 7or less not including the primary residence and l motor vehicle registered to the applicant. |
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| 36 | 36 | | 8 The assessments and tax rate changes of such homeowner qualified properties shall be |
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| 37 | 37 | | 9recalculated on an annual basis. The lesser of the calculations shall prevail as the property tax |
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| 38 | 38 | | 10levy for that year. For the purpose of this exemption, income means the “adjusted gross income” |
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| 39 | 39 | | 11for federal income tax purposes as reported on the applicant’s latest available federal or state |
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| 40 | 40 | | 12income tax return for the applicable income tax year, subject to any subsequent amendments or 2 of 2 |
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| 41 | 41 | | 13revisions, reduced by distributions, to the extent included in federal adjusted gross income, |
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| 42 | 42 | | 14received from an individual retirement account and an individual retirement annuity; provided, |
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| 43 | 43 | | 15that if no such return was filed for the application income tax year, income means the adjusted |
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| 44 | 44 | | 16gross income that would have been so reported if such a return had been filed. |
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