By Mr. Sanchez of Boston, petition (accompanied by bill, House, No. 4862) of Jeffrey Sanchez relative to the effective date of the tax exemption for certain realproperty assessing at full and fair cash valuation. Revenue.

The Commonwealth of Massachusetts

——————

PETITION OF:

Jeffrey Sanchez

——————

In the Year Two Thousand and Eight.

——————

An Act for a special law regarding clarification of the effective date of the residential exemption

    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.             

Chapter 59 of the General Laws, as appearing in the 2001 Official Edition, is hereby amended by replacing the following within Section 5C “…provided, however, that such an exemption shall be applied only to the principal residence of a taxpayer as used by the taxpayer for income tax purposes.” with: --

…provided, however, that such an exemption shall be applied only to real property owned and occupied by a taxpayer as his principal residence, as used by said taxpayer for income tax purposes.  The date of determination for said exemption shall be the January 1^st preceding the start of the fiscal year to which it applied.  However, for years in which a principal residence is purchased after January 1^st and before July 1^st, the date of determination, for the purchase year only, will be July 1^st of that year.

Section 2.              Implementation.

This act shall be effective immediately upon passage.