MA H2544

Bill

Protecting the interests of housing cooperative shareholders

Introduced
01/22/2019

In Committee
03/04/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to providing for income tax rental deductions to certain resident shareholders of housing cooperatives. Revenue.

AI Summary

This bill allows resident shareholders of housing cooperatives organized under chapters 156B or 157 of the Massachusetts General Laws to claim a state income tax deduction for their cooperative's rental payments, provided they have resided in their unit throughout the tax year and have not claimed deductions for real estate taxes or mortgage interest on their federal income tax return. This provision aims to provide tax relief and protect the interests of housing cooperative shareholders.

Committee Categories

Budget and Finance

Sponsors (10)

David Biele (D), Mike Connolly (D), Marjorie Decker (D), Sean Garballey (D), Jay Livingstone (D), Elizabeth Poirier (R), Dave Robertson (D), Jon Santiago (D), José Tosado (D), Tommy Vitolo (D),

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 03/04/2020)

Official Document

https://malegislature.gov/Bills/191/H2544

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H2544
Bill	https://malegislature.gov/Bills/191/H2544.pdf

Bill	Bill Name	Last Action	Type
H2450	Promoting student loan repayment	Accompanied a study order, see H5040	Similar To
H2456	Encouraging home ownership by establishing a first time home buyers savings account	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H2491	Relative to charitable donations	Accompanied a study order, see H5128	Similar To
H2537	To create an income tax deduction for municipal and school fees	Accompanied a study order, see H5128	Similar To
H2575	Relative to gun safe deductions	Accompanied a study order, see H5080	Similar To
S1610	Protecting the interests of housing cooperative shareholders	Accompanied H2544	Similar To
S1615	Relative to the income tax deduction for charitable giving	Accompanied a study order, see H5080	Similar To
S1661	To encourage the rental of electric and hybrid vehicles	Accompanied a study order, see H5031	Similar To

Bill > H2544

MA H2544

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (10)

Last Action

Official Document

bill text

bill summary

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