MA H2500

Bill

Regarding state income tax credit for renting unsubsidized properties at below market rents

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 state income tax credit for renting unsubsidized properties at below market rents. Revenue.

AI Summary

This bill creates a state income tax credit for Massachusetts residents who own unsubsidized residential rental properties with up to four units and rent them to qualified households at below-market rates, as defined by the U.S. Department of Housing and Urban Development (HUD) "High HOME Rent" for the jurisdiction. The credit is up to $1,500 per qualified rental unit, for up to six units, and is prorated based on the number of months the unit is rented to a qualified household. The bill allows taxpayers to carry forward any excess credit for up to three years. The tax credit takes effect for tax years beginning on or after January 1, 2020.

Committee Categories

Budget and Finance

Sponsors (28)

David Biele (D), Pete Capano (D), Mike Connolly (D), Brendan Crighton (D), Marjorie Decker (D), Sal DiDomenico (D), Diana Dizoglio (D), Carmine Gentile (D), Ken Gordon (D), Jonathan Hecht (D), Natalie Higgins (D), Kevin Honan (D), Dan Hunt (D), Mary Keefe (D), Kay Khan (D), Jack Lewis (D), Jay Livingstone (D), Adrian Madaro (D), Elizabeth Malia (D), Christopher Markey (D), Joe McGonagle (D), Paul McMurtry (D), Liz Miranda (D), Elizabeth Poirier (R), Dave Rogers (D), Jon Santiago (D), Bruce Tarr (R), Chynah Tyler (D),

Last Action

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

Official Document

https://malegislature.gov/Bills/191/H2500

(20 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H2500
Bill	https://malegislature.gov/Bills/191/H2500.pdf

Bill	Bill Name	Last Action	Type
H1756	To hold property owners accountable for recurring public nuisance	Accompanied a study order, see H5127	Similar To
H2397	Providing an income tax credit for families caring for relatives at home who are elderly or victims of Alzheimer's disease	Accompanied a study order, see H5031	Similar To
H2399	Providing for property tax relief for small business owners	Accompanied a study order, see H5128	Similar To
H2505	Relative to a senior citizen volunteer property tax reduction	Accompanied a study order, see H5128	Similar To
H2540	To insure fair taxation of affordable housing	Accompanied a study order, see H5128	Similar To
H3995	Authorizing the town of Winchester to establish a senior property tax exemption	Accompanied a new draft, see H4476	Similar To
H4004	Relative to certain property to be used for conservation or recreational purposes	Accompanied a study order, see H5070	Similar To
H4081	Authorizing the town of Arlington to establish a means tested senior citizen property tax exemption	Accompanied a new draft, see H4477	Similar To
H4209	Expanding the exemption for residential property in the town of Truro	Signed by the Governor, Chapter 283 of the Acts of 2020	Similar To
H4243	Authorizing the town of Reading to establish a means tested senior citizen property tax exemption	Signed by the Governor, Chapter 50 of the Acts of 2020	Similar To
S1603	Relative to landlord tenant tax credits	Accompanied H2500	Replaces
S1616	Eliminating telecommunications tax exemptions	Accompanied a study order, see H5080	Similar To
S1640	To support voluntary income tax assistance sites and expand access to the earned income tax credit	Accompanied H2434	Similar To
S1763	Relative to clarifying property tax exemptions for solar and wind systems	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S1765	Granting property tax relief to seniors	Accompanied a study order, see S2549	Similar To
S1809	Relative to diverse marketing programs	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2243	Relative to the establishment of a Hingham means-tested property tax exemption	Accompanied a new draft, see S2525	Similar To
S2318	Establishing a real estate transfer fee upon the transfer of property in the town of Concord	Read second and ordered to a third reading	Similar To
S2449	Relative to expanding access to healthy food choices in vending machines on state property	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S644	Relative to vacated foreclosed residential property	Accompanied a study order, see S2543	Similar To

Bill

Bill Name

Last Action

Type

H1756

To hold property owners accountable for recurring public nuisance

Accompanied a study order, see H5127

Similar To

H2397

Providing an income tax credit for families caring for relatives at home who are elderly or victims of Alzheimer's disease

Accompanied a study order, see H5031

Similar To

H2399

Providing for property tax relief for small business owners

Accompanied a study order, see H5128

Similar To

H2505

Relative to a senior citizen volunteer property tax reduction

Accompanied a study order, see H5128

Similar To

H2540

To insure fair taxation of affordable housing

Accompanied a study order, see H5128

Similar To

H3995

Authorizing the town of Winchester to establish a senior property tax exemption

Accompanied a new draft, see H4476

Similar To

H4004

Relative to certain property to be used for conservation or recreational purposes

Accompanied a study order, see H5070

Similar To

H4081

Authorizing the town of Arlington to establish a means tested senior citizen property tax exemption

Accompanied a new draft, see H4477

Similar To

H4209

Expanding the exemption for residential property in the town of Truro

Signed by the Governor, Chapter 283 of the Acts of 2020

Similar To

H4243

Authorizing the town of Reading to establish a means tested senior citizen property tax exemption

Signed by the Governor, Chapter 50 of the Acts of 2020

Similar To

S1603

Relative to landlord tenant tax credits

Accompanied H2500

Replaces

S1616

Eliminating telecommunications tax exemptions

Accompanied a study order, see H5080

Similar To

S1640

To support voluntary income tax assistance sites and expand access to the earned income tax credit

Accompanied H2434

Similar To

S1763

Relative to clarifying property tax exemptions for solar and wind systems

Bill reported favorably by committee and referred to the committee on Senate Rules

Similar To

S1765

Granting property tax relief to seniors

Accompanied a study order, see S2549

Similar To

S1809

Relative to diverse marketing programs

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S2243

Relative to the establishment of a Hingham means-tested property tax exemption

Accompanied a new draft, see S2525

Similar To

S2318

Establishing a real estate transfer fee upon the transfer of property in the town of Concord

Read second and ordered to a third reading

Similar To

S2449

Relative to expanding access to healthy food choices in vending machines on state property

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S644

Relative to vacated foreclosed residential property

Accompanied a study order, see S2543

Similar To

Bill > H2500

MA H2500

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (28)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary