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 home heating oil tax deductions. Revenue.
AI Summary
This bill allows a deduction of up to $800 from adjusted gross income for the costs of home heating oil, natural gas, and propane for taxable years 2021 and 2022, if the cost per gallon of oil exceeds $4.00. The deduction can be claimed for purchases made between November 1, 2020 and March 31, 2022. The bill also includes provisions for taxpayers who own condominiums or cooperative dwellings, as well as those who rent residential dwellings, to be eligible for the deduction based on their proportionate share of the heating costs.
Committee Categories
Budget and Finance
Sponsors (1)
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/H2795 |
| BillText | https://malegislature.gov/Bills/193/H2795.pdf |
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