SECTION 1. Paragraph (g) of
section 21C of chapter 59 of the General Laws, as amended by
section 50 of chapter 46 of the acts of 2003, is hereby further
amended by adding the following paragraph:
The local appropriating
authority may, by majority vote, exempt from any additional
assessment imposed under this paragraph real property of a
person 65 years of age or over and occupied by that person as a
domicile, of a person who owns the same jointly with a spouse,
either of whom is 65 years of age or over who owns and occupies
as a domicile the same jointly or as a tenant in common with a
person other than a spouse. The board of assessors shall grant
this exemption provided that the owner or owners of the property
eligible for exemption under this paragraph have entered into a
tax deferral and recovery agreement with the board of assessors
on behalf of the city or town. The agreement shall include all
of the provisions specified in clause 41(A) of section 5 of this
chapter, except that interest shall accrue on unpaid taxes at
the rate of 4 percent per annum.