Bill > S1792

This bill establishes a child and family tax credit. It allows a taxpayer who maintains a household with at least one individual who qualifies as a dependent, a qualifying individual (as defined in the Internal Revenue Code), or a disabled individual who qualifies as a dependent, to receive a tax credit of $600 for each such dependent or qualifying individual. The credit is available to taxpayers who file a joint return or qualify as a head of household. The credit is prorated for non-residents based on the number of days they resided in Massachusetts. If the credit exceeds the taxpayer's tax liability, the excess is treated as an overpayment and refunded. The bill also requires the Department to annually adjust the credit amounts to reflect increases in the cost of living.

Budget and Finance

https://malegislature.gov/Bills/193/S1792