Boston Mayor Michelle Wu signed a bill that included a measure that would increase the threshold of eligibility for low-income seniors who own and live in their homes seeking tax relief through the city’s 41C program.
Mayor Michelle Wu hopes to extend property tax relief to more seniors.
Wu’s bill seeks to increase the income eligibility to $47,000 for single people and $53,700 for couples. Estate eligibility requirements would double. The minimum tax exemption would also increase to $1,500 and max out at $3,000. “We are hopeful and determined that, working with state partners, we will seize on recognizing the urgency and the need to act on solutions to keep our families housed,” said Wu.seeks to establish a real estate sales tax in Boston.
“We still have billions of dollars of available resources under the ARPA law that we haven’t spent yet and we have a significant state surplus,” said Baker.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why SCOTUS’ Decision on the Boston Bomber is a Test for President BidenThe real test of commitment to ending the death penalty comes when the crimes are most gruesome and the defendant the least sympathetic.
Read more »
Boston may not be requiring masks anymore, but many say they'll keep them on for nowAs coronavirus infection numbers continue to decrease, Boston dropped its mask mandate for businesses and schools on Saturday — meaning thousands of businesses in the city no longer are required to mandate customers wear masks to shop, eat, or play in their establishments.
Read more »
Boston removes its indoor mask mandateThe Boston Board of Health voted unanimously to end its indoor mask mandate effective Saturday.
Read more »
Greater Boston Continues To Be One Hot Market With Price Increases And Low InventoryOn Nantucket, inventory for single-family homes in January 2022 fell 42.3% compared with the same period the previous year.
Read more »