AN ACT AUTHORIZING THE TOWN OF SUDBURY TO REGULATE CERTAIN PROPERTY TAX EXEMPTION ELIGIBILITY REQUIREMENTS.
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 320 of the acts of 2002 is hereby amended by inserting after the word “year”, in line 9, the following words:- , except that effective fiscal year 2009, the income eligibility shall be established as equal to that for a married couple filing jointly under subsection (k) of section 6 of chapter 62 of the General Laws.
SECTION 2. Said section 1 of said chapter 320 is hereby further amended by inserting after the first sentence the following 2 sentences:- For each taxable year thereafter, the maximum income eligibility shall be increased by an amount equal to such income, multiplied by the cost-of-living adjustment for the calendar year in which such taxable year begins. These amounts shall be cumulative for each year; provided, however, that the maximum income eligibility shall always be equal to the income limits established for a married couple filing jointly under said subsection (k) of said section 6 of said chapter 62.
SECTION 3. This act shall take effect upon its passage.
Approved January 7, 2009