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MA S1805

Protecting the interests of housing cooperative shareholders


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to providing for income tax rental deductions to certain resident shareholders of housing cooperatives. Revenue.

AI Summary

This bill proposes to amend the Massachusetts General Laws to allow resident shareholders of housing cooperatives organized under Chapters 156B or 157 to claim an income tax deduction for rental payments, provided they have resided in their cooperative unit throughout the tax year and have not claimed a deduction for real estate taxes or mortgage interest on their federal income tax return. This change aims to provide tax relief to certain housing cooperative shareholders.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied H2987 (on 04/07/2022)

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