By Mr. Mariano of Quincy, petition (accompanied by bill, House, No. 3019) of Ronald Mariano relative to property tax exemptions for certain elderly persons.  Revenue.

The Commonwealth of Massachusetts

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PETITION OF:

Ronald Mariano

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In the Year Two Thousand and Seven.

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An Act to further exempt property tax.

    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 5, of Chapter 59, of the Massachusetts General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding the following new subsection:—
Seventeenth E ½.  Real estate shall be exempt for a home owner who has reached sixty-five years of age, and who has owned and occupied said home for twenty-five years while paying property tax on said home for twenty-five years, and whose annual income does not exceed $40,000.