summary
Introduced
03/29/2021
03/29/2021
In Committee
04/07/2022
04/07/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the tax deduction for rental payments. Revenue.
AI Summary
This bill proposes to amend the Massachusetts tax code to provide a tax deduction of up to 50% of rental payments, up to a maximum of $4,100, for individuals or households with an income not exceeding 100% of the area median income. The deduction will be adjusted annually for cost-of-living changes, and the bill directs the state's tax commissioner to implement the necessary regulations. The provisions of this bill would apply to tax years beginning on or after January 1, 2022.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
No further action taken (on 01/03/2023)
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/H2941 |
| Bill | https://malegislature.gov/Bills/192/H2941.pdf |
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