Bill > H2761

This bill establishes a child and family tax credit in Massachusetts. The key provisions are: 1. It provides a tax credit of $600 for each dependent or qualifying individual (such as a child, disabled person, or other family member) in a taxpayer's household, if the taxpayer maintains that household and meets certain requirements such as filing a joint return or qualifying as a head of household. 2. For non-resident taxpayers, the credit is prorated based on the number of days the person resided in Massachusetts during the tax year. 3. The credit amount will be adjusted annually to account for increases in the cost of living, similar to how federal income tax brackets are adjusted. 4. If the credit amount exceeds the taxpayer's tax liability, the full excess amount will be paid to the taxpayer as an overpayment, without interest.

Budget and Finance

https://malegislature.gov/Bills/193/H2761