Bill
Bill > H2846
MA H2846
MA H2846To provide an income tax exemption for families caring for their elderly relatives at home
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
For legislation to provide an income tax exemption for families caring for their elderly relatives at home. Revenue.
AI Summary
This bill provides an income tax exemption of $4,000 for families caring for their elderly relatives at home. To qualify, the taxpayer must have provided more than half the support for an elderly relative aged 70 or older who lived with the taxpayer for more than six months of the taxable year. The exemption is available for taxpayers with an adjusted gross income of up to $30,000 (for single filers) or $40,000 (for joint filers). The bill also authorizes the commissioner to adopt rules and regulations to implement the new exemption, and specifies that the provisions will be effective for taxable years beginning January 1, 2021.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5352 (on 10/13/2022)
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/H2846 |
| Bill | https://malegislature.gov/Bills/192/H2846.pdf |
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