Relative to an income tax exemption for survivors of terrorism who have lost one or more limbs
Impact
If enacted, this bill would amend existing state tax law to allow for an additional exemption specifically for those who suffered limb loss in terrorist incidents. This change is expected to create a more supportive tax environment for affected taxpayers, thereby potentially alleviating some of the economic hardships they endure. Furthermore, it reiterates the state's commitment to support its residents in times of crisis, fostering a sense of community care and social responsibility.
Summary
House Bill 2807 aims to provide an additional income tax exemption for residents of Massachusetts who have lost one or more limbs due to acts of terrorism. This legislative proposal is significant as it directly addresses the financial burdens that survivors may face after experiencing such tragic events. By incorporating specific language into Chapter 62 of the General Laws, the bill seeks to enhance the financial support available to these individuals, recognizing their unique circumstances and challenges.
Contention
There may be points of contention surrounding the bill, particularly regarding its fiscal implications and the definition of eligibility criteria. Concerns could arise about the state's budget and whether such exemptions could lead to decreased tax revenues. Moreover, the question of how to determine which incidents qualify under this definition could spark debate among legislators, as differing interpretations might affect how effectively the bill fulfills its intended purpose.
Similar To
Establishing the Covid-19 pandemic emergency tax payer relief exemption and refund for income taxes on 2020 unemployment benefits up to $10,100 in unemployment compensation