summary
Introduced
02/08/2018
02/08/2018
In Committee
02/08/2018
02/08/2018
Crossed Over
Passed
Dead
12/31/2018
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/190/H4211 |
Bill | https://malegislature.gov/Bills/190/H4211.pdf |
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