Massachusetts H5661 allows Belmont to raise limits on assets, income, and benefits for seniors seeking tax relief.

Massachusetts H5661 authorizes the town of Belmont to increase the asset, income, and benefit limits for seniors applying for tax abatements under clauses 17D, 17E, and 41C of Section 5 of Chapter 59 of the General Laws. These increases can exceed the cost of living as determined by the Consumer Price Index for the year. The bill ensures that the new limits do not exceed the original limits adjusted for inflation since the clauses were enacted.

Massachusetts H5661 allows Belmont to raise limits on assets, income, and benefits for seniors seeking tax relief.

Massachusetts H5661 authorizes the town of Belmont to increase the asset, income, and benefit limits for seniors applying for tax abatements under clauses 17D, 17E, and 41C of Section 5 of Chapter 59 of the General Laws. These increases can exceed the cost of living as determined by the Consumer Price Index for the year. The bill ensures that the new limits do not exceed the original limits adjusted for inflation since the clauses were enacted.