SENATE DOCKET, NO. 93        FILED ON: 1/7/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

William N. Brownsberger

_________________

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 increasing the valuation limit for the senior circuit breaker.

_______________

PETITION OF:

SENATE DOCKET, NO. 93        FILED ON: 1/7/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

_______________

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

_______________

An Act increasing the valuation limit for the senior circuit breaker.

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

Section 6 of chapter 62 of the General Laws, as appearing in the 2022 Official Edition, is amended by striking out  in paragraph (k)(3)(ii) the figure "$600,000" and replacing it with the figure "$1,800,000."

Said Section Section 6 of Chapter 62 of the General Laws is further amended in paragraph (k)(4) by inserting the words  ", for a taxable year beginning on or after January 1, 2027, " before the words "the valuation limit in this subsection."