By Mr. Marzilli of Arlington, petition (accompanied by bill, House, No. 3030) of J. James Marzilli, Jr., and Peter V. Kocot for legislation to provide an income tax credit for certain elderly or disabled persons.  Revenue.

The Commonwealth of Massachusetts

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PETITION OF:

J. James Marzilli, Jr.

Peter V. Kocot

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In the Year Two Thousand and Seven.

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An Act for an income tax credit for certain disabled persions paying high property taxes.

    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.  Subsection (K) of section 6 of chapter 62 of the General Laws, as appearing in the 2002 Official Edition, is hereby amended by striking out paragraph (2) and inserting in place thereof the following paragraph:

(2) An owner or tenant of residential property located in the commonwealth, who is 65 years of age or older, or who is disabled, who is not a dependent of another taxpayer and who occupies said property as his principal residence, shall be allowed a credit equal to the amount by which the real estate tax payment or the rent constituting real estate tax payment exceeds 10 percent of the taxpayers total income, but the credit shall not exceed $750. For the purpose of this subsection, a disabled person shall be an individual, a physical or mental impairment that substantially limits one or more of the major life activities of such individual; a record of such an impairment; or being regarded as having such an impairment.