SENATE DOCKET, NO. 3013        FILED ON: 7/21/2020

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2839

The Commonwealth of Massachusetts

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PRESENTED BY:

James B. Eldridge

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act authorizing the town of Harvard to establish a cap on property taxes for means tested senior citizens.

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PETITION OF:

SENATE DOCKET, NO. 3013        FILED ON: 7/21/2020

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2839

The Commonwealth of Massachusetts

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In the One Hundred and Ninety-First General Court
(2019-2020)

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An Act authorizing the town of Harvard to establish a cap on property taxes for means tested senior citizens.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Section 1 of Chapter 412 of the Acts of 2018 is hearby striken in its entirety and is herby replaced with the following new Section 1 of said act:-

“Section 1. With respect to each qualified parcel of real property classified as class one, residential in the town of Harvard there shall be a cap on the property tax equal to 10 per cent of total annual household income, or such other per cent of income as determined under section 3. The exemption shall be applied to the domicile of the taxpayer only. The exemption provided for in this section shall be in addition to any other exemption allowed pursuant to the General Laws, provided that, in no event shall the property taxes be reduced by more than 50 per cent by this exemption.”

SECTION 2. This act shall take effect upon passage.