Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H2795 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1 of 1
2	2	HOUSE DOCKET, NO. 3915 FILED ON: 1/20/2023
3	3	HOUSE . . . . . . . . . . . . . . . No. 2795
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Paul K. Frost
8	8	_________________
9	9	To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
10	10	Court assembled:
11	11	The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
12	12	An Act relative to home heating oil deductions.
13	13	_______________
14	14	PETITION OF:
15	15	NAME:DISTRICT/ADDRESS :DATE ADDED:Paul K. Frost7th Worcester1/20/2023 1 of 2
16	16	HOUSE DOCKET, NO. 3915 FILED ON: 1/20/2023
17	17	HOUSE . . . . . . . . . . . . . . . No. 2795
18	18	By Representative Frost of Auburn, a petition (accompanied by bill, House, No. 2795) of Paul K.
19	19	Frost relative to home heating oil tax deductions. Revenue.
20	20	[SIMILAR MATTER FILED IN PREVIOUS SESSION
21	21	SEE HOUSE, NO. 2901 OF 2021-2022.]
22	22	The Commonwealth of Massachusetts
23	23	_______________
24	24	In the One Hundred and Ninety-Third General Court
25	25	(2023-2024)
26	26	_______________
27	27	An Act relative to home heating oil deductions.
28	28	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
29	29	of the same, as follows:
30	30	1 SECTION 1. Chapter 62 of the general laws, as appearing in the 2018 official edition, is
31	31	2hereby amended by adding the following new section:-
32	32	3 Section 65. Notwithstanding any general or special law, rule regulation to the contrary,
33	33	4for taxable years 2021 and 2022, there shall be deducted from adjusted gross income in
34	34	5determining income: a deduction for the costs of home heating oil for which the cost per gallon
35	35	6of oil exceeds $4.00, up to $800 maximum.
36	36	7 The deductions may be used only for the cost of home heating oil, natural gas and
37	37	8propane purchased between November 1, 2020 and March 31, 2022.
38	38	9 Any taxpayer entitled to a deduction under this section may apply the deduction in
39	39	10taxable year 2021 for purchases made in 2021. If the taxpayer does not take deduct the full $800 2 of 2
40	40	11deduction in taxable year 2021, the taxpayer may take the remainder in taxable year 2022 for
41	41	12purchases made in 2022 through March 31, 2022.
42	42	13 The commissioner of revenue shall promulgate rules and regulations necessary to
43	43	14implement this section. The commissioner shall also include in such rules and regulations
44	44	15eligibility provisions for a taxpayer who owns a condominium or a cooperative dwelling and for
45	45	16whom such purchases are accounted for in a common area fee or special assessment against such
46	46	17costs as may be reasonably attributed to the percentage ownership share of the condominium or
47	47	18cooperative dwelling costs; and provided further, that the commissioner shall also include in
48	48	19such rules and regulations eligibility provisions for a taxpayer who rents a residential dwelling
49	49	20and for whom such purchases are accounted for in the rent and provisions that account for
50	50	21multiple renters in a residential dwelling. The department shall file a copy of any rules and
51	51	22regulations with the clerks of the senate and house of representatives and with the joint
52	52	23committee on revenue.