MA S1603

Bill

Relative to landlord tenant tax credits

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to landlord tenant tax credits. Revenue.

AI Summary

This bill proposes to amend Chapter 62 of the General Laws to create a tax credit for Massachusetts residents who own unsubsidized two- to four-unit residential rental properties. The credit, worth up to $1,500 per qualified rental unit (up to six units), would be available for units rented to tenants at or below the High HOME Rent as defined by the United States Department of Housing and Urban Development (HUD). The credit can be carried forward for up to three years if it exceeds the taxpayer's total tax due for the current year. The bill would take effect for tax years beginning on or after January 1, 2020.

Committee Categories

Budget and Finance

Sponsors (12)

David Biele (D), Joseph Boncore (D), Mike Connolly (D), Brendan Crighton (D), Sal DiDomenico (D), Diana Dizoglio (D), Nika Elugardo (D), Mary Keefe (D), Kay Khan (D), Jay Livingstone (D), Mike Moore (D), Chynah Tyler (D),

Last Action

Accompanied H2500 (on 02/27/2020)

Official Document

https://malegislature.gov/Bills/191/S1603

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1603
Bill	https://malegislature.gov/Bills/191/S1603.pdf

Bill	Bill Name	Last Action	Type
H1259	Relative to capital relief in a counterclaim	Accompanied a study order, see H5089	Similar To
H2412	To promote development through the historic rehabilitation tax credits	Accompanied a study order, see H5040	Similar To
H2445	Increasing citizen participation in elections	Accompanied a study order, see H5128	Similar To
H2449	Providing tax credits to certain employers that provide affordable, on-site child-care for employees	Accompanied a study order, see H5031	Similar To
H2492	Relative to farm training in Massachusetts	Accompanied a study order, see H5128	Similar To
H2500	Regarding state income tax credit for renting unsubsidized properties at below market rents	Bill reported favorably by committee and referred to the committee on House Ways and Means	Replaced by
H2561	Implementing a home water filtration tax credit	Accompanied a study order, see H5080	Similar To
H2578	Relative to long term care insurance tax credit	Accompanied a study order, see H5080	Similar To
H2647	Relative to a cranberry bog renovation tax credit	Accompanied a new draft, see H4467	Similar To
S1612	Relative to encouraging diversity in tax credit programs	Accompanied a study order, see S2549	Similar To

Bill > S1603

MA S1603

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (12)

Last Action

Official Document

bill text

bill summary

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