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4 <br /> i <br /> Informational Guideline Release IGR No. 02-209 <br /> September 2002 <br /> CLAUSE 41C EXEMPTION OPTIONS <br /> Chapter 184 §51 of the Acts of 2002 <br /> (Amending G.L. Chi §5(41C)) <br /> SUMMARY: <br /> This legI lation creates a neer provision that alloys communities to make certain <br /> adjustments in the eligibility requirements seniors must meet in order to qualify for a <br /> property tax exemption under G.L. Ch. 59 §0'(41C) and in the amount of exemption <br /> granted to those qualifying. Commurdties still operating under Clause 41 or 41B cannot <br /> use this option. <br /> [finder the legislation, a new second sentence has been added to G.L. Ch. 59 <br /> §5(41C). It allows communities to reduce the eligibility age, and increase the gross <br /> receipts and whole estate limits, within specified parameters. They may also increase <br /> the exemption amount by up to 100%. All adjustments are made in towns by vote of <br /> torn meeting and cities by Grote of the city council and approval of the mayor. <br /> This new provision is noir in effect. Therefore, the new options may be used for <br /> fiscal year 2003, but any adjustments would have to be voted before the actual tax bills <br /> are mailed since that triggers the exemption application period. <br /> GUIDELINES: <br /> A. LOCAL ACTION <br /> I. Ad'u tment <br /> An adjustment to an eligibility factor or the exemption amount must be made by <br /> rote of town meeting in a town or city council with the approval of the mayor In <br /> city. <br /> a <br /> 2. 'Effective Dae <br /> The Grote should explicitly state the fiscal year in which the adjusted eligibility <br /> factor or exemption amount will first apply and should take place before the tax <br /> gate is set and actual tax bills are mailed for that year. <br /> PROPERTY TAX BUREAU EAU DA ]IEL J. MURPHY, CITE <br />