summary
Introduced
04/04/2022
04/04/2022
In Committee
04/04/2022
04/04/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to commuter transit benefits
AI Summary
This bill amends the Massachusetts General Laws to allow individuals to deduct certain commuter transit expenses, including tolls paid through a Fast Lane account and the cost of weekly or monthly transit passes for the Massachusetts Bay Transit Authority (MBTA) as well as fares for Regional Transit Authority transit. The deduction applies to the portion of the expenses that exceed $150 for single filers or $50 for married filing jointly, up to a maximum deduction of $750 per individual. The bill also requires the Commissioner of Revenue to adopt regulations necessary for the implementation of these new deductions, and the changes are effective for tax years beginning on or after January 1, 2022.
Committee Categories
Budget and Finance
Sponsors (2)
Other Sponsors (1)
Joint Committee on Revenue (J)
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/H4562 |
| Bill | https://malegislature.gov/Bills/192/H4562.pdf |
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