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Bill > H2507


MA H2507

MA H2507
Providing a tax deduction for certain heating costs


summary

Introduced
01/20/2015
In Committee
01/20/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to provide for a tax deduction for certain home heating costs. Revenue.

AI Summary

This bill allows individuals who own and occupy their homes or rent a residential unit to claim a tax deduction against the excise tax imposed by chapter 62 of the General Laws, which is a state income tax. Specifically, taxpayers can deduct 100 percent of the amount they paid for home heating oil that cost more than $3.00 per gallon during the previous taxable year, once this law is enacted.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Accompanied a study order, see H4639 (on 09/26/2016)

bill text


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