Bill > S1610

This bill aims to protect the interests of housing cooperative shareholders by allowing them to claim a deduction for a portion of the dues they pay to their housing cooperative. Specifically, the bill amends the Massachusetts General Laws to allow resident shareholders of housing cooperatives to deduct up to 50% of their cooperative dues, up to a maximum of $3,000, provided they have resided in the cooperative unit throughout the tax year and have not claimed deductions for real estate taxes or mortgage interest on their federal income tax return. The deductible cooperative dues cover housing-related expenses such as mortgage payments, taxes, utilities, waste disposal, and property maintenance.

Budget and Finance

https://malegislature.gov/Bills/191/S1610