summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation to provide an income tax deduction for donations to charitable institutions. Revenue.
AI Summary
This bill proposes to amend Massachusetts General Laws, specifically Chapter 62, Section 3, Part B, Paragraph (a), to allow for an income tax deduction for donations made to charitable institutions. The key provision is the addition of a new subparagraph (17) that permits taxpayers to deduct an amount equal to 50% of what they donate to a charitable institution, as defined by Section 18 of Chapter 68 of the General Laws. This change aims to provide a financial incentive for individuals to contribute to charitable causes by reducing their tax liability.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H4639 (on 09/26/2016)
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/189/House/H2532 |
| State Bill Page | https://malegislature.gov/Bills/189/H2532 |
| Bill | https://malegislature.gov/Bills/189/H2532.pdf |
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