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Bill > H4211


MA H4211

Protecting the interests of housing cooperative shareholders


summary

Introduced
02/08/2018
In Committee
02/08/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Protecting the interests of housing cooperative shareholders

AI Summary

This bill proposes to amend the Massachusetts General Laws to allow resident shareholders of certain housing cooperatives to deduct up to $3,000 of their cooperative dues from their state income taxes, provided they have resided in their cooperative unit throughout the tax year and have not claimed a deduction for real estate taxes or mortgage interest on their federal income tax return. The deduction applies to shareholders of limited equity cooperative housing corporations or housing cooperatives with affordable housing restrictions, and the deductible dues must be used for housing-related expenses such as mortgage payments, taxes, utilities, waste disposal, or property maintenance.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Last Action

No further action taken (on 01/01/2019)

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