summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to the tax deduction for rental payments. Revenue.
AI Summary
This bill proposes to amend Chapter 62 of the General Laws to provide a tax deduction for individuals who pay rent for their principal place of residence in the Commonwealth. The deduction would be equal to 50% of the rent paid, up to a maximum of $4,100 for a single person, a head of household, or spouses, with the deduction limit adjusted annually for cost-of-living changes. The bill also sets a household income limit of 100% of the area median income for eligible taxpayers. The provisions of the bill would apply to taxable years beginning on or after January 1, 2018.
Committee Categories
Budget and Finance
Sponsors (22)
Brian Ashe (D),
Christine Barber (D),
Dan Cahill (D),
Gerry Cassidy (D),
Nick Collins (D),
Marjorie Decker (D),
David DeCoste (R),
Michelle DuBois (D),
Colleen Garry (D),
Carmine Gentile (D),
Ken Gordon (D),
Paul Heroux (D),
Kevin Honan (D),
Mary Keefe (D),
Robert Koczera (D),
Joe McGonagle (D),
Frank Moran (D),
Mike Moran (D),
Dave Rogers (D),
Jeffrey Sánchez (D),
Tom Stanley (D),
José Tosado (D),
Last Action
Accompanied a new draft, see H3857 (on 08/03/2017)
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/190/H1535 |
| Bill | https://malegislature.gov/Bills/190/H1535.pdf |
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