Massachusetts S1931 increases the valuation limit for the senior circuit breaker.
Massachusetts S1931 amends the General Laws to increase the valuation limit for the senior circuit breaker from $600,000 to $1,800,000, effective for taxable years beginning on or after January 1, 2027. This change aims to provide greater relief to senior citizens by expanding eligibility for the senior circuit breaker program.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.