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
Relative to the income tax deduction for renters. Revenue.
AI Summary
This bill aims to update and expand the income tax deduction for renters in Massachusetts. Specifically, it would increase the maximum deduction amount from $3,000 to $6,000 for renters. Additionally, it would introduce a new tax credit for renters whose adjusted gross income does not exceed $50,000, providing a credit equal to 5% of 50% of the total rent paid in excess of $12,000, up to a maximum of $200 for single filers, spouses, and heads of household. These changes are intended to provide greater financial relief for renters in the state.
Committee Categories
Budget and Finance
Sponsors (9)
Rob Consalvo (D)*,
Kate Lipper-Garabedian (D)*,
Jenny Armini (D),
Carol Doherty (D),
Lydia Edwards (D),
Jamie Eldridge (D),
Rodney Elliott (D),
Jim Hawkins (D),
Steve Ultrino (D),
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/H2750 |
| BillText | https://malegislature.gov/Bills/193/H2750.pdf |
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