summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to home heating oil tax deductions. Revenue.
AI Summary
This bill allows for a deduction of up to $800 from adjusted gross income for the costs of home heating oil, natural gas, or propane that exceeds $4 per gallon. The deduction can be claimed for purchases made between November 1, 2020 and March 31, 2022, and the deduction can be split between the 2021 and 2022 tax years if the full $800 is not claimed in 2021. The bill also directs the Commissioner of Revenue to promulgate rules and regulations to implement the deduction, including provisions for condominium/cooperative owners and renters.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5043 (on 08/29/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2901 |
| Bill | https://malegislature.gov/Bills/192/H2901.pdf |
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