The Commonwealth of Massachusetts
——————
PETITION OF:
——————
In the Year Two Thousand and Eight.
——————
|
An Act authorizing the town of Sudbury to regulate certain proprety 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:
AUTHORIZING THE TOWN OF SUDBURY TO REGULATE CERTAIN
PROPERTY TAX EXEMPTION ELIGIBILITY REQUIREMENTS.
SECTION 1. Notwithstanding the provisions of clause Forty-first A of section 5 of chapter 59 of the General Laws, or any other general or special law to the contrary, the first sentence of section 1 of chapter 320 of the acts of 2002 is hereby amended by adding, at the end, 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 paragraph (k) of
chapter 62 of the General Laws”.
SECTION 2. Notwithstanding the provisions of clause Forty-first A of section 5 of chapter 59 of the General Laws, or any other general or special law to the contrary, said section 1 of said chapter 320 of said acts is hereby further amended by adding the following paragraph:-
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 that the maximum income eligibility shall always be equal to the income limits established for a married couple filing jointly under paragraph (k) of section 6 of chapter 62 of the General Laws.
SECTION 3. This act shall take effect upon its passage.