summary
Introduced
12/16/2021
12/16/2021
In Committee
12/20/2021
12/20/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the income tax deduction for renters. Revenue.
AI Summary
This bill aims to update and expand the renter's income tax deduction in Massachusetts. Specifically, it increases the maximum income tax deduction for renters from $3,000 to $6,000. Additionally, it introduces a new tax credit for renters whose adjusted gross income is not more than $50,000. The credit is equal to 5% of 50% of the total rent paid in excess of $12,000, up to a maximum of $200 for single filers, spouses, or heads of household. This bill is intended to provide greater financial relief for renters in the state.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a new draft, see H4997 (on 07/11/2022)
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/H4306 |
| Bill | https://malegislature.gov/Bills/192/H4306.pdf |
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