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| 2 | 2 | | HOUSE DOCKET, NO. 3653 FILED ON: 1/17/2025 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 3006 |
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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 | | James Arciero |
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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 relative to the valuation of long term residences. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:James Arciero2nd Middlesex1/17/2025Peter Barbella1/17/2025 1 of 1 |
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| 16 | 16 | | HOUSE DOCKET, NO. 3653 FILED ON: 1/17/2025 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 3006 |
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| 18 | 18 | | By Representative Arciero of Westford, a petition (accompanied by bill, House, No. 3006) of |
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| 19 | 19 | | James Arciero and Peter Barbella relative to the assessed property tax valuation of certain long |
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| 20 | 20 | | term residences. Revenue. |
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| 21 | 21 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 22 | 22 | | SEE HOUSE, NO. 2691 OF 2023-2024.] |
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| 23 | 23 | | The Commonwealth of Massachusetts |
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| 24 | 24 | | _______________ |
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| 25 | 25 | | In the One Hundred and Ninety-Fourth General Court |
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| 26 | 26 | | (2025-2026) |
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| 27 | 27 | | _______________ |
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| 28 | 28 | | An Act relative to the valuation of long term residences. |
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| 29 | 29 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 30 | 30 | | of the same, as follows: |
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| 31 | 31 | | 1 Chapter 59 of the general laws is hereby amended by inserting after section 38, as |
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| 32 | 32 | | 2appearing in the 2018 official edition, the following section:- |
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| 33 | 33 | | 3 Section 38 1/2 In a city or town that accepts this section, the assessed valuation of real |
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| 34 | 34 | | 4property owned by a person who has occupied said property for 30 years, shall be set at the |
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| 35 | 35 | | 5valuation of the property pursuant to section 38 in the thirtieth year of domicile; provided, |
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| 36 | 36 | | 6however, that said owner's income shall not exceed 100 percent of the area median income as |
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| 37 | 37 | | 7determined by the federal Department of Housing and Urban Development; and provided |
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| 38 | 38 | | 8further, that said owner shall not have more than $100,000 in liquid assets, excluding the value |
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| 39 | 39 | | 9of their domicile. Said valuation shall not increase unless and until the real property is sold or |
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| 40 | 40 | | 10transferred. |
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