summary
Introduced
04/10/2023
04/10/2023
In Committee
05/25/2023
05/25/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to increasing interest rate deductions. Revenue.
AI Summary
This bill proposes to amend Section 3 of Chapter 62 of the General Laws to increase the interest rate deduction from savings deposits, savings accounts, shares or share savings accounts included in Part B gross income. Specifically, it increases the deduction from $500 for a single person, head of household, or married person filing separately, to $1,000 for a married couple filing jointly.
Committee Categories
Budget and Finance
Sponsors (7)
Tackey Chan (D)*,
Kate Donaghue (D),
Vanna Howard (D),
Steven Howitt (R),
Hannah Kane (R),
Norm Orrall (R),
Dave Robertson (D),
Last Action
Accompanied a study order, see H4721 (on 06/13/2024)
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/H3882 |
| BillText | https://malegislature.gov/Bills/193/H3882.pdf |
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