summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to increase the rental income tax deduction. Revenue.
AI Summary
This bill aims to increase the rental income tax deduction from $3,000 to $5,000. The bill amends Section 3 of Chapter 62 of the General Laws, which outlines the Massachusetts income tax code, to raise the rental deduction limit. This change would allow taxpayers who report rental income on their state tax returns to deduct a larger portion of their rental expenses, potentially reducing their overall tax liability.
Committee Categories
Budget and Finance
Sponsors (8)
Brad Jones (R)*,
Jay Barrows (R),
Nick Boldyga (R),
Peter Durant (R),
Kim Ferguson (R),
Susan Gifford (R),
Hannah Kane (R),
Leonard Mirra (R),
Last Action
Accompanied a study order, see H4728 (on 06/24/2024)
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/193/H2848 |
| BillText | https://malegislature.gov/Bills/193/H2848.pdf |
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