HOUSE DOCKET, NO. 4198        FILED ON: 1/17/2025

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3198

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

John Francis Moran and Nick Collins

_________________

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 relative to senior tax credits.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

John Francis Moran

9th Suffolk

1/17/2025

Nick Collins

First Suffolk

1/17/2025


HOUSE DOCKET, NO. 4198        FILED ON: 1/17/2025

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3198

By Representative John Francis Moran of Boston and Senator Collins, a joint petition (accompanied by bill, House, No. 3198) of John Francis Moran and Nick Collins relative to senior tax credits.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Fourth General Court
(2025-2026)

_______________

 

An Act relative to senior tax credits.

 

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. Clause (ii) of paragraph (3) of subsection (k) of section 6 of chapter 62 of the General Laws, as appearing in the 2022 Official Editon, is hereby amended by inserting after the figure “$600,000” the following words:- for taxable years beginning before January 1, 2025.

SECTION 2. Paragraph (4) of said subsection (k) of said chapter 6 of said chapter 62, as so appearing, is hereby amended by inserting after the word “2005”, the second time it appears, the following words:- and before January 1, 2025.

SECTION 3. Said paragraph (4) of said subsection (k) of said chapter 6 of said chapter 62, as so appearing, is hereby further amended by inserting after the second sentence the following sentence:- For a taxable year beginning on or after January 1, 2025, the income and credit limits in this subsection shall be increased by amounts equal to such income and credit limits multiplied by the cost-of-living adjustment for the calendar year in which such taxable year begins, and the assessed valuation of the residence in this subsection shall not exceed $1,500,000.