Senator Collins’ Tax Relief Legislation Wins Ways & Means Approval
Property Tax Relief Package Moves to Senate Floor for Vote Thursday The Massachusetts Senate’s Committee on Ways and Means voted last week to advance bipartisan property tax relief measures, including An Act Relative Municipal Property Tax Relief, authored by Senator Nick Collins. This legislation would provide cities and towns the authority to issue direct rebates to homeowners by tapping the surplus fund. Currently, the City of Boston has more than $552 million in available surplus funds. Senator Collins believes a portion of that excess should be returned to taxpayers. A similar approach was taken at the state level in 2022, when the Governor and Legislature issued rebates after tax revenues exceeded the cap established under voter-approved law MGL Chapter 62F, which limits the growth of state tax collections. “With [...]