Bill > H3260

This bill proposes to establish a tax credit for rent paid on personal residences of taxpayers, with the tax credit taking effect for tax years beginning on or after January 1, 2024. The bill appears to be designed to provide financial relief to renters by allowing them to claim a credit on their taxes for rent expenses, though the specific details of the credit amount, eligibility requirements, and calculation method are not included in the provided text. While the bill's government-provided summary indicates it relates to revenue considerations, the XML document primarily focuses on the effective date of the proposed tax credit. More specific implementation details would likely be found in the underlying tax code or accompanying legislative documents.

Budget and Finance

https://malegislature.gov/Bills/194/H3260