Bill > H2588

This bill amends Section 6(k)(2) of Chapter 62 of the General Laws to modify the tax credit for housing expenses. Specifically, it removes the requirement that the taxpayer be 65 years of age or older to qualify for the credit, and increases the credit limit for all taxpayers, with the increase being rounded up to the next multiple of $10. The goal is to ensure that the total reduction in revenue provided to taxpayers under this subsection is as close as possible, but not less than, the estimated total reduction in revenue anticipated from a previously repealed section.

Budget and Finance

https://malegislature.gov/Bills/190/H2588