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MA S1931

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

William Brownsberger

Click for details

Origin

Senate

194th General Court

AI Summary

  • Increases the property valuation limit for the senior circuit breaker tax credit from $600,000 to $1,800,000
  • Amends Section 6 of Chapter 62 of the General Laws governing income tax credits
  • Sets the new valuation limit to take effect for taxable years beginning on or after January 1, 2027
  • Expands eligibility for senior homeowners whose property values have appreciated beyond the current threshold

Legislative Description

Increasing the valuation limit for the senior circuit breaker

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