Bill
Bill > H2733
MA H2733
To provide an income tax exemption for families caring for their elderly relatives at home
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 provide an income tax exemption for families caring for their elderly relatives at home. Revenue.
AI Summary
This bill provides an income tax exemption of $4,000 for families caring for their elderly relatives (aged 70 or older) at home. The exemption applies if the elderly relative resided with the taxpayer for more than six months of the taxable year and the taxpayer's adjusted gross income does not exceed $30,000 (for single filers) or $40,000 (for married couples filing jointly). The bill also authorizes the state commissioner to adopt rules and regulations to implement the provisions, and the exemption will be effective for taxable years beginning January 1, 2025.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5045 (on 09/12/2024)
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/H2733 |
| BillText | https://malegislature.gov/Bills/193/H2733.pdf |
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