This bill authorizes the town of Belmont to raise the asset, income, and benefit limits for seniors seeking property tax abatement by amounts that exceed the annual cost-of-living adjustments based on the Consumer Price Index. The legislation allows the town to catch up on missed inflation adjustments if it had not previously adopted these specific state law provisions when they were first enacted. However, a cap is placed on any single increase so that the resulting limits do not surpass what they would have been had the town accepted and adjusted the clauses annually from their original enactment date.
This bill authorizes the city of Cambridge to grant a personal property tax exemption for items valued at $30,000 or less. It overrides existing state laws that might otherwise prevent the city from offering this specific tax break. The change applies immediately upon the bill's passage and directly affects residents or businesses in Cambridge who own personal property within the specified value limit.
This bill authorizes the town of Holliston to create a temporary property tax exemption for senior citizens living in homes that have received debt exclusion funding for construction projects. To qualify, applicants must be at least 60 years old, have lived in the town for at least 10 years, and have income levels that would make them eligible for the state's circuit breaker income tax credit. The Select Board will set the annual exemption amount between 10% and 40% of the applicant's previous circuit breaker credit, and the Board of Assessors can deny the exemption if the applicant has excessive assets. The program is designed to expire three years after the bill takes effect, though the town may choose to renew it for additional three-year periods.
This bill designates August 8 and 9, 2026, as the official sales tax holiday weekend for the state. It directly affects consumers who purchase eligible items during those two days, allowing them to buy goods without paying the usual sales tax. The resolution formally sets these specific dates in accordance with existing state laws that require the legislature to choose a weekend each year for this tax break.
This bill formally records the Department of Revenue's annual report for fiscal year 2025 as required by state law. The document includes updates to tax regulations, such as increasing the maximum credit for investments in certified housing to $15,000,000 and establishing a sales tax exemption for purchases related to offshore wind facilities. Additionally, it clarifies rules regarding tax credits for businesses creating jobs in Massachusetts and those employing individuals who are physically or mentally incapable of working. The legislation is primarily administrative, serving to codify existing financial data and regulatory adjustments rather than introducing new policy initiatives.
This bill authorizes the town of Wakefield to create a property tax exemption specifically for senior citizens who meet certain income and residency requirements. To qualify, applicants must be at least 65 years old, have lived in the town for at least 10 years, and have income levels that would make them eligible for the state's circuit breaker tax credit. The exemption amount is set annually based on the previous year's circuit breaker credit, and the town's assessors review applications to ensure applicants do not have excessive assets. The program is designed to run for a maximum of three years before expiring.
By Representative Day of Stoneham, a petition (subject to Joint Rules 12 and 9) of Michael S. Day for legislation to establish quantum investment and tax incentive programs for certain quantum science research, development, manufacturing or commercialization. Revenue.
Substituted by the House, on motion of Mr. Walsh of Peabody, for a bill with the same title (House, No. 4526) [Local Approval Received]. April 30, 2026.
HD 5630 would allow the town of Reading to create a property tax exemption for seniors meeting specific income, age, and residency requirements. It directly affects seniors aged 65+ (or 60+ with a 65+ partner) who own and live in their Reading home for 10+ years, have income qualifying for the state's circuit breaker tax credit, and limited assets. The exemption amount would be set annually by Reading's select board at 100-150% of the qualifying circuit breaker credit, applied only to the primary residence. Applicants must reapply yearly with income and asset documentation, and the exemption expires after three years. The town would fund this through proportional adjustments to the residential tax levy.
Senate, January 8, 2026 -- The committee on Senate Ways and Means, to whom was referred the Senate Bill relative to senior property tax deferral (Senate, No. 2713),- reports, recommending that the same ought to pass with an amendment substituting a new draft with the same title (Senate, No. 2901).
