Massachusetts S2914 amends the senior property tax deferral program by adjusting qualifying gross receipts and extending deferral periods.

Massachusetts S2914 modifies the senior property tax deferral program by increasing the maximum qualifying gross receipts amount and extending the deferral period for certain taxpayers. The bill specifies that the maximum qualifying gross receipts amount should not exceed the income determined by the commissioner of revenue. It also allows cities or towns to adopt higher maximum qualifying gross receipts amounts through a vote of their legislative bodies. Additionally, the bill extends the deferral period by one year for eligible taxpayers.

Massachusetts S2914 amends the senior property tax deferral program by adjusting qualifying gross receipts and extending deferral periods.

Massachusetts S2914 modifies the senior property tax deferral program by increasing the maximum qualifying gross receipts amount and extending the deferral period for certain taxpayers. The bill specifies that the maximum qualifying gross receipts amount should not exceed the income determined by the commissioner of revenue. It also allows cities or towns to adopt higher maximum qualifying gross receipts amounts through a vote of their legislative bodies. Additionally, the bill extends the deferral period by one year for eligible taxpayers.