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MA H3334

Protecting the interests of housing cooperative shareholders


summary

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 providing for income tax rental deductions to certain resident shareholders of housing cooperatives. Revenue.

AI Summary

This bill proposes to amend the Massachusetts General Laws to allow resident shareholders of housing cooperatives organized under chapters 156B or 157 to claim an income tax deduction for their cooperative unit, provided they have resided in the unit throughout the tax year and have not claimed a deduction for real estate taxes or mortgage interest on their federal income tax return. This change aims to provide tax relief and protect the interests of housing cooperative shareholders.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Accompanied a new draft, see H4211 (on 02/08/2018)

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