The proposed bill seeks to establish a real property tax exemption for disabled persons in the town of Swampscott, Massachusetts. It allows the town to grant this exemption to disabled individuals aged 69 or younger who have been residents of Swampscott for at least 10 consecutive years prior to their application. The bill stipulates that these applicants must also meet the existing qualifications related to gross income and estate value as outlined in clause Forty-first C of section 5 of chapter 59 of the General Laws. Additionally, it defines disabled persons as those who have received a disability determination from the Social Security Administration.

Furthermore, the bill includes a provision that allows the town of Swampscott to opt out of providing this exemption during any fiscal year through a vote at an annual town meeting. This decision would remain in effect until the exemption is reauthorized by a subsequent town meeting. The bill emphasizes that, aside from the specific provisions outlined, the existing laws regarding property tax exemptions will still apply. The act is set to take effect immediately upon its passage.