Bill > H3098

This bill amends Chapter 62 of Massachusetts general laws to create a tax deduction for home heating oil, natural gas, and propane costs for the 2025 and 2026 tax years. Specifically, taxpayers can deduct the portion of home heating fuel costs that exceed $4.00 per gallon, with a maximum deduction of $800. The deduction applies to fuel purchases made between November 1, 2025 and March 31, 2026, and taxpayers have flexibility in how they claim the deduction: they can apply the full $800 in either the 2025 or 2026 tax year, or split the deduction across both years if the full amount is not used in one year. The bill requires the Commissioner of Revenue to develop rules for implementing the deduction, including special provisions for condominium and cooperative dwelling owners who pay for heating through common area fees, as well as renters whose heating costs are included in their rent. The bill aims to provide tax relief for Massachusetts residents facing high home heating costs, with a focus on helping households manage expenses during the winter heating season.

Budget and Finance

https://malegislature.gov/Bills/194/H3098