Bill > H3027

This bill provides emergency tax relief to unemployed workers in Massachusetts. The key provisions are: 1. It allows taxpayers who received unemployment compensation in 2020 or 2021 to pay any income taxes due on that compensation by December 31, 2022 without penalties or interest, up to 5% of the total unemployment compensation received. 2. It establishes a hardship tax forgiveness program for taxpayers whose household income is at or below 200% of the federal poverty level in 2020 or 2021, under which any income taxes due on unemployment compensation for that year will be waived, and any taxes already withheld will be refunded. 3. It defines "unemployment compensation" broadly to include various federal and state unemployment benefits received during the COVID-19 pandemic. 4. It requires the state Departments of Unemployment Assistance and Revenue to provide clear notice to individuals about these tax relief provisions. 5. It directs the Commissioner of Revenue to issue regulations or guidance to implement the law.

Budget and Finance

https://malegislature.gov/Bills/192/H3027