Bill > H3857

This bill provides tax relief for rent-burdened individuals and families in Massachusetts. Specifically, it allows eligible taxpayers to deduct up to 50% of their rent payments, up to a maximum of $4,100 plus a cost-of-living adjustment, on their state income tax returns. The eligibility is based on the household income not exceeding 100% of the area median income as defined by the U.S. Department of Housing and Urban Development. The bill also directs the state commissioner to adopt regulations necessary for the implementation of this new tax deduction, which will apply to taxable years beginning on or after January 1, 2018.

Budget and Finance

https://malegislature.gov/Bills/190/H3857