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MA H3252
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Thomas Stanley
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AI Summary
- Expands the definition of "real estate tax payment" under Chapter 62 to include 50% of homeowners insurance premiums when calculating property tax credits for older adults
- Allows 50% of water and sewer charges to count toward the tax credit calculation for homeowners in communities that do not assess these as debt service charges on tax bills
- Applies proportional calculations for multi-unit dwelling owners based on their share of total property taxes, water/sewer charges, and homeowners insurance paid
- Amends Section 6 of Chapter 62 of Massachusetts General Laws governing tax credits for senior homeowners
Legislative Description
Improving older adult tax relief to address the rising cost of homeownership
Last Action
Hearing scheduled for 06/16/2025 from 01:00 PM-05:00 PM in A-1
6/12/2025
Committee Referrals
Revenue2/27/2025
Full Bill Text
No bill text available