Bill

Bill > H2499


MA H2499

MA H2499
Providing tax relief for rent-burdened individuals and families


summary

Introduced
01/22/2019
In Committee
02/27/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to the tax deduction for rental payments. Revenue.

AI Summary

This bill proposes to amend the Massachusetts tax code to provide a tax deduction for rent payments for individuals and families whose household income does not exceed 100% of the area's median income. Specifically, the bill would allow eligible taxpayers to deduct up to 50% of their rent, with a maximum deduction of $4,100 for a single person, head of household, or married couples. The deduction limit would be adjusted annually for inflation. The bill would apply to tax years beginning on or after January 1, 2020.

Committee Categories

Budget and Finance

Sponsors (12)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 02/27/2020)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...