MA H1534

Bill

Regarding state income tax credit for renting unsubsidized properties at below market rents

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to state income tax credit for renting unsubsidized properties at below market rents. Revenue.

AI Summary

This bill establishes a state income tax credit for Massachusetts residents who own unsubsidized two to four-unit residential rental properties and rent units to households that pay rent below the "High HOME Rent" as defined by the U.S. Department of Housing and Urban Development (HUD). The credit is up to $1,500 per qualified rental unit, for a maximum of six units per taxpayer. The credit can be carried over for up to three years if it exceeds the taxpayer's total tax liability in a given year. The bill applies to tax years beginning on or after January 1, 2018.

Committee Categories

Budget and Finance

Sponsors (28)

Christine Barber (D), Linda Campbell (D), Evandro Carvalho (D), Gerry Cassidy (D), Nick Collins (D), Mike Connolly (D), Marjorie Decker (D), David DeCoste (R), Michelle DuBois (D), Jamie Eldridge (D), Jonathan Hecht (D), Paul Heroux (D), Natalie Higgins (D), Kevin Honan (D), Dan Hunt (D), Mary Keefe (D), Jack Lewis (D), Adrian Madaro (D), Joe McGonagle (D), James Miceli (D), Aaron Michlewitz (D), Frank Moran (D), Denise Provost (D), Danny Ryan (D), Jeffrey Sánchez (D), Tom Stanley (D), José Tosado (D), Chynah Tyler (D),

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

Official Document

https://malegislature.gov/Bills/190/H1534

(19 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H1534
Bill	https://malegislature.gov/Bills/190/H1534.pdf

Bill	Bill Name	Last Action	Type
H1557	To broaden eligibility for relief from disproportionate property tax burdens	No further action taken	Similar To
H1570	To insure fair taxation of affordable housing	Accompanied a study order, see H4244	Similar To
H1571	Extending a property tax exemption to the surviving spouse of blind persons	Accompanied a study order, see H4244	Similar To
H1605	Providing for a certain real property tax exemption	Accompanied a study order, see H4244	Similar To
H1608	Relative to exempting farmers’ markets from certain property taxes	Accompanied a study order, see H4244	Similar To
H1610	Relative to municipal option abatement for contaminated real property	Accompanied a study order, see H4244	Similar To
H1641	Establishing a tax incentive for small property improvements	Accompanied a study order, see H4244	Similar To
H35	Relative to enhancing consumer protection with respect to unclaimed property	Accompanied a study order, see H4785	Similar To
H3693	Relative to property tax exemptions for rental properties in the town of Lincoln deed restricted as affordable housing	Accompanied a new draft, see H4004	Similar To
H3787	Relative to the sale of the property located at 616 Towne Street, North Attleborough, Massachusetts	Amended by substitution of a bill with the same title, see H4248	Similar To
H4244	House study order	No further action taken	Replaced by
H4258	Authorizing the Town of Hopkinton to establish a means-tested senior citizen property tax exemption	Accompanied a new draft, see H4389	Similar To
H4978	Authorizing the town of Westford to establish a means tested senior citizen property tax exemption	Accompanied a new draft, see H4998	Similar To
H53	Relative to the Uniform Real Property Electronic Recording Act	Accompanied a study order, see H4874	Similar To
S2124	Improving real property tax abatements, application deadlines, and deferrals	Reprinted as amended, see S2135	Similar To
S2160	Relative to clarifying property tax exemptions for solar and wind systems	New draft substituted, see S2364	Similar To
S2619	Creating senior tax relief in the town of Carver	New draft substituted, see S2670	Similar To
S2620	Authorizing the town of Sutton to grant real property abatements to certain military personnel	Bill reported favorably by committee and placed on the Orders of the Day for the next session	Similar To
S2670	Creating senior tax relief in the town of Carver.	Signed by the Governor, Chapter 299 of the Acts of 2018	Similar To

Bill

Bill Name

Last Action

Type

H1557

To broaden eligibility for relief from disproportionate property tax burdens

No further action taken

Similar To

H1570

To insure fair taxation of affordable housing