MA H2946

Bill

Relative to Title 5 income tax credit reform

Introduced
03/29/2021

In Committee
04/07/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to Title V income tax credit reform of financial aid for homeowners who have incurred costs for the repair or replacement of failed septic systems. Revenue.

AI Summary

This bill proposes to reform the income tax credit for homeowners who have incurred costs for the repair or replacement of failed septic systems under Title 5 of the General Laws. Specifically, it increases the maximum credit amount from $15,000 to $25,000, the maximum credit percentage from $1,500 to $4,000, and the maximum household income eligibility threshold from $6,000 to $10,000. These changes are intended to provide more financial assistance to homeowners who have had to repair or replace their septic systems.

Committee Categories

Budget and Finance

Sponsors (10)

Steven Howitt (R)*, John Barrett (D), David DeCoste (R), Colleen Garry (D), Carmine Gentile (D), Susan Gifford (R), Brad Jones (R), Brian Murray (D), Dave Robertson (D), Paul Schmid (D),

Last Action

No further action taken (on 01/03/2023)

Official Document

https://malegislature.gov/Bills/192/H2946

(6 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H2946
Bill	https://malegislature.gov/Bills/192/H2946.pdf

Bill	Bill Name	Last Action	Type
H2980	To create an income tax deduction for municipal and school fees	Accompanied a study order, see H5250	Similar To
H355	Relative to clarifying homeowners right to perform electrical work	Accompanied a study order, see H4880	Similar To
S1060	To increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses	Accompanied a study order, see S2838	Similar To
S1842	To support voluntary income tax assistance sites and expand access to the earned income tax credit	Accompanied a new draft, see H4997	Similar To
S1858	Promoting student loan repayment	Accompanied a study order, see H4894	Similar To
S5	Proposal for a legislative amendment to the Constitution to provide resources for education and transportation through an additional tax on incomes in excess of one million dollars	Amendment again agreed to - see Senate Roll Call #48 and House Roll Call #38 (Yeas 159 to Nays 41)	Similar To

Bill > H2946

MA H2946

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (10)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary