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 require the Department of Revenue to study revenue losses incurred by establishing income tax deductions in gaming facilities. Revenue.
AI Summary
This bill requires the Department of Revenue, which is the state agency responsible for collecting taxes, to study the potential loss of tax revenue that could result from creating a new income tax deduction specifically for losses incurred at gaming facilities, similar to a deduction allowed for gambling losses under federal tax law (Internal Revenue Code Section 165(d)). The department must determine if such losses have occurred in Massachusetts and then report its findings and any proposed legislation to lawmakers by June 1, 2016.
Committee Categories
Budget and Finance
Sponsors (1)
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/H2509 |
| State Bill Page | https://malegislature.gov/Bills/189/H2509 |
| Bill | https://malegislature.gov/Bills/189/H2509.pdf |
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