A legislative “error” which would have impacted on seniors is to be amended by finance minister Bob Richards.

The Bermuda Government announced Mr Richards will present changes to the Land Tax Amendment bill, which was tabled on December 16, but contains an “error which would have unintentionally impacted Bermuda’s senior citizens who are land owners”.

The press release stated: “The Land Tax Amendment Act stated an incorrect value for the maximum ARV allowed for the exemption afforded to Bermudians 65 years and older, as per section 3A of the Act.

“The corrected ARV limit for the seniors’ exemption is $42,000, not $29,000 as tabled.”

According to Government, based on the new land tax rates which were also tabled in the amendment, the maximum dollar value of the exemption provided for seniors is $1,569, annually which is in line with the previously existing exemption of $1,566.

Government stated: “Therefore, although the ARV value has been lowered, the dollar value of the exemption provided to seniors has been maintained.”